Changes in Commercial Air Conditioner Market in Q3

According to ChinaIOL statistics, Q3 of 2023 has seen a year-on-year decline in the sales volume of the commercial air conditioner (CAC) market in China. The CAC domestic sales value came to RMB 34.07 billion (about US$ 4.80 billion), dropping by 1.2% year on year; and the export value reached RMB 4.31 billion (about US$ 606.4 million), rising by 4.5% year on year.