China
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...
Euroklimat Commercial Air Conditioner Honored in Guangdong
Upon the arrival of Chinese Lunar New Year at the end of January, Euroklimat received its first honor in 2017: being named a Famous Brand Product in Guangdong. The process to obtain this honor include: a company application, local government approval, publicity, on-site inspection, expert evaluation, and approval by the award committee. Euroklimat was one of 651 industrial brand products that were...
China Accelerates Exploration of Indian Home Appliances Mark
Home appliances manufacturers have joined Internet technology companies and mobile manufacturers in expecting great things from the Indian market. This market has higher demands on refrigerators and a...
Good Electrical Appliances Recognized
On January 10, 2017, an award ceremony for 2016’s good electrical appliances was held in Beijing, which was hosted by China Household Electric Appliance Research Institute (CHEARI) and China Market Monitor. At the ceremony, 57 models of electric appliances from 32 brands in China received awards. Chigo’s Smart King 90 air conditioner and Changhong’s CHiQ Q2F artificial intelligence voice ai...
China’s Air Conditioner Industry Speeding up to Be Intellige
Intelligence was the keyword in China’s air conditioner industry in 2016. Midea Group acquired Kuka, a German industrial robot manufacturer. Gree independently developed a smart robot. Haier se...
Hisense Hitachi Establishes State-level Lab
The test and evaluation center of Qingdao Hisense Hitachi Air Conditioning Systems passed assessment by China National Accreditation Service for Conformity Assessment (CNAS), and was certified as CNAS...
Highly Doubles Sales of Motor Compressors for the First Half
According to Highly’s financial statement for the first half of 2016, its compressor sales for nonresidential air conditioners achieved 330,000 units, of which models for heat pump water heaters saw a...
Tariff Cut Accelerating China’s Products Export to Australia
The China-Australia Free Trade Agreement (ChAFTA), which came into force on December 20, 2015, is now offering even more tax preferences to Chinese enterprises and consumers. More favorable tariffs apply to commodities exported from China including textiles, cloth, auto parts, steel and steel products, and home appliances which offer greater business opportunities to Chinese enterprises. Ch...
Air Purifiers See Explosive Growth
On January 23, 2017, China’s Spring Festival Goods Big Data Report was released by CBNData, indicating that demands on health- and entertainment-related products have become a top priority during the ...
Shinco and Yoau Post Strong Sales Performance
Shinco and Yoau, two leading brands under Fengrun Group, both realized strong sales performance in 2016. Shinco provides air conditioners to the domestic market, and its extensive sales network...
