China
Real Estate Market Declines for 21 Consecutive Months
On October 19, real estate investment data for the first nine months of 2015 was unveiled by the National Bureau of Statistics, which indicated that growth rate in real estate development continued to decline to the lowest level since 2009. According to industry insiders, some growth momentum in real estate sales disappeared this September, and investment in the segment remained gloomy. In ...
China’s BLDC Motor Market to Exceed RMB 20 Billion in 2015
Currently, there are fewer local brushless direct current (BLDC) motor enterprises in China, many of which were not capable of scale production until recent years. Renowned local brands include Haili ...
Panasonic Appliances Compressor (Dalian) Celebrates 20th Ann
Panasonic Appliances Compressor (Dalian) celebrated the 20th anniversary with entertainment performance. Senior management of the company presented at the celebration, including Fan Wen, vice presiden...
Price War Accelerates the Centralization of Air Conditioning
At the end of the 2015 refrigeration year (RY 2015; August 2014-July 2015), the total production volume of air conditioners in China reached 104.65 million units, 1.7% lower than 106.5 million units in RY 2014. Despite this slight growth rate, production capacity still exceeds hundred million units. And also affected by weather, economic fluctuation, and real estate downturns, RY 2015 air c...
Hisense Smart Home Appliance Roadshow in China
The 2015 Hisense smart appliance national roadshow with the theme of ‘Today and Tomorrow’ started in Wuxi from October 16 to 18. Hisense has shifted its focus to smart industry, with self-devel...
Gree Helps AC Casing Production in Venezuela
Utilizing Gree’s mold, air conditioner casings manufactured in Maracaibo, Venezuela, were passed inspection. One and another qualified air conditioner plastic casing rolled off production lines under ...
TCL Warmly Welcomes Rowa Delegates from Saudi Arabia
On November 13, 2015, TCL welcomed delegates of Rowa brand air conditioners from Saudi Arabia. Conferences, seminars, and factory tours were held during the visit, which largely increased mutua...
TICA to Set Up New Factory in Guangzhou
The ground-breaking ceremony of TICA’s new factory at Guangzhou production base was held in Zengcheng District on October 18. Jiang Li, chairman of TICA, Fan Kaoting, president of China Refrigeration ...
LU-VE Group Wins China Awards 2015
The jury has declared that LU-VE Group won the Top Investors Prize at the China Awards 2015 event. The China Awards is an annual awards-giving ceremony for Italian companies that have best seiz...
Skyworth Aims to Be Global AC Player with Talented Engineeri
According to statistics, rapid growth has come to an end in China’s residential air conditioner industry, which is now posting moderate growth. Many investors have withdrawn from the industry, with le...
