Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Chinese Appliance Sales Increase
Nov 15, 2004
 Printable format
 Email this Article
 Search

China's retail sales increased in October at the fastest pace in 5 months, surging to a record as rising incomes made appliances more affordable.

Sales increased 14.2 percent from a year earlier to 498 billion yuan (approx. U.S. $60 billion) after rising 14 percent in September, the Beijing-based National Bureau of Statistics said.

China's economy expanded in the third quarter at its slowest pace in more than a year as growth in urban fixed-asset investment slowed to 30 percent in the 9 months ended Sept. 30 from 48 percent in the first quarter. Retail sales growth accelerated to 13 percent from 10.7 percent.

Sales of home appliances and audio-visual equipments climbed 14 percent in October. Furniture sales increased 30 percent and telecom-equipment sales surged 28 percent.

Matsushita Electric Industrial Co., a Chinese-based consumer-electronics maker, said it will spend 27 billion yen (approx. $257 million) building an industrial park to make home appliances in Hangzhou, south of Shanghai.

Toshiba Corp. and Chinese partner TCL Corp., China's biggest publicly traded consumer-electronics maker, said they plan to invest a combined $50 million to make and sell washing machines and refrigerators in China. Production will start in January 2006 with the capacity to make 700,000 refrigerators and 300,000 washing machines in the first year, Toshiba said. (Bloomberg)

Back to Daily News

 

Daily News

...........................................................

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows