China
Annual Report 2016: Danfoss delivers growth - massive invest
Net sales increased 6%, paving the way for further innovation. 02 MARCH 2017 2016 proved yet another good year for Danfoss with top-line growth, healthy profitability, and significant investments in...
Gree Shows a Variety of Star Products at ACREX India 2017
2017-02-23 From Feb. 23rd to 25th, ACREX India 2017 is held grandly in New Delhi. Hosted by ISHRAE, ASHRAE and All India Air-Conditioning and Refrigeration Association, ACREX is the refrigeration show...
Coal-to-Electric Retrofit in Beijing, Tianjin, and Hebei
The State Grid announced that it will continue to accelerate the electric heating project in Northern China in 2017, and about 607,000 households in Beijing, Tianjin, and Hebei will receive a coal-to-electric retrofit. Since 2016, the company has completed retrofits for 398,000 households in Beijing, Tianjin, and Hebei. It intends to invest over RMB 30 billion (US$ 4.4 billion) in building the pow...
Shanghai Hanbell Celebrates 20th Anniversary
On December 21, 2016, Shanghai Hanbell held a celebration of its 20th anniversary and an opening ceremony at its new Fengjing plant. Hanbell invited over 400 guests, including industry associations, l...
Renewable Energy Development Accelerating
At a press conference held on January 5, 2017, Li Yangzhe, deputy director of the National Energy Administration, noted that renewable energy development and utilization will be sped up during the 13th Five-year Plan period spanning from 2016 to 2020. During this period, heating that utilizes renewable energy will be implemented, such as heating by so-lar, biomass, geothermal, and clean ene...
Samsung Provides VRFs for Two Projects
Thanks to its large capacity and flexible installation, Samsung’s DVM S series of variable refrigerant flow (VRF) systems won two big projects in China: Beijing Hyundai Motor and the South Korean Emba...
Gree Ranks No. 1 in Invention Patent Ranking in China
On January 19, 2017, the State Intellectual Property Office released the 2016 China Invention Patent Ranking. Gree capitalized on the acceptance of 3,299 invention patent applications and authorizatio...
Refrigerated Cars in Short Supply
Over 1 billion tons of perishable food is consumed in China every year, of this more than 50% needs to be transported via cold chain. However, the integrated cold chain circulation rate now comes to o...
Midea Completes Acquisition Transaction of Kuka Group
Midea Group announced on January 6, 2017 that it has completed all payments in regards to the acquisition of Kuka Group. Upon completion of this acquisition, Midea’s wholly-owned overseas subsidiary, ...
China Sees 6.7% GDP Growth in 2016
China saw a gross domestic product (GDP) growth rate of 6.7% in 2016. Its economic scale broke RMB 70 trillion (US $ 10 trillion), consumer price index (CPI) rose by 2% while consumption made 71% contribution to economic growth. According to the director of the National Development and Reform Commission, China experienced stable and healthy economic and social development in 2016, setting a...
