Forecast of China’s AC Market RY 2012
2011-09-04
The calendar year August 2011 marks the beginning of the 2012 refrigeration year (RY). Facing the pressure of rising raw materials cost, excessive production capacity, and intensified inflation, the market forecast of the coming year is unoptimistic. Facing the high level of stocks left from the lackluster RY 2011, major sales channels and big brands have started lowering the sales prices.
