Review of the Global AC Market in the First Half of 2022 Part II — China

2022-10-05
The Chinese room air conditioner (RAC) market continued to decline sharply in the first half of 2022, impacted by negative factors including frequent lockdowns in various places in the context of new outbreaks of novel coronavirus infections, occasional logistics issues, exchange rate fluctuations, insufficient supply of core components such as semiconductor chips, and high costs of raw materials and shipping charges.
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