China
Cold Chain Logistics Industry Expands in 2015
As a strategic, fundamental, and growing industry, cold chain logistics industry shows huge untapped market potential in China. In 2015, Chinese cold chain logistics industry continued to grow, expand...
RF Group to Build up Cold Storage Network
The Shanghai RF Group recently decided to build up its national cold storage network in five years starting from 2016. Working with a European private equity investment fund, the total project investment will be US$ 3.1 billion. According to the RF Group, it now possesses 55,000 m2 of cold storage in China and has established strategic partnership with several leading logistics companies an...
Promotion Policies for GSHPs
Mammoth GSHP To further promote ground-source heat pumps (GSHPs), the Ministry of Finance teamed up with the Ministry of Housing and Urban-Rural Development to offer financial subsidy to projects appl...
Tianyin Reaches a RMB 250-Million Procurement Agreement with
On January 19, Tianyin Electromechanical signed a strategic cooperation agreement with Jiaxipera, a manufacturer of high efficient compressors in China. The two companies will collaborate on research,...
Highly India Holds Supply Partner Meeting
Highly India held its first supply partner meeting in Ahmadabad under the theme of ‘Walking Together, Walking Ahead’. At the meeting, Shen Jianfang, chairman of Highly Group, affirmed rapid eco...
Fresh Air System Market Grows by 29% in 2015
At the annual meeting of China Fresh Air Industry Alliance held recently, it is released that fresh air system market in China reached RMB 4.3 billion (US$ 654 million) in 2015, indicating 29% year-on-year growth, among them retail sales came to RMB 1.7 billion (US$ 259 million), growing by 47% year on year. In 2015, many home decoration dealers have switched their business from offering merely ho...
China to Invest RMB 1 Trillion to Promote Green Buildings
In the next five years, China will invest RMB 1 trillion (US$ 152 billion) to implement the Green Building Action Plan. The action plan which was formulated by the National Development and Reform Commission and the Ministry of Housing and Urban-Rural Development, has been open for public comment for half a year, and then will soon be released. The action plan has pointed out two goals. One ...
After-sales Services Boost TCL’s AC Business in Vietnam
TCL considers its products to be the roots of its business and services to be the trunk. While concentrating on improving product capacities, technology upgrades, and overseas marketing promotion, TCL...
More Brands Eligible for Government Procurement
The 19th List of Eligible Energy-saving Products for government procurement went into publicity in late December 2015. Compared with the 18th Energy-saving List, air conditioning products in the 19th ...
RAC Sales for Domestic Market Drop by 11% in 2015
In December 2015, sales of room air conditioners (RACs) came to 5.98 million units, falling by 27% year on year. Among them, 2.85 million units went for domestic sales, declining by 42% year on year, hitting a record low since 2009. Export volume came to 3.13 million units with 2.1% year-on-year decrease. According to some statistics, RAC sales for domestic market in 2015 exceeded 60 millio...
