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Article: AIR-CONDITIONER PRICE WAR CONTINUES IN CHINA.
- Article from:
- AsiaPulse News
- Article date:
- October 2, 2000
CopyrightCOPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Oct 2 Asia Pulse - The price war on China's air-conditioner market, which started last summer, is expected to continue, with some small and high-cost products to be priced out of the market.
China produced nearly 20 million air-conditioners in 1999, but only nine million sets were sold. Even the name-brand air-conditioner producers also had hundreds of thousands lying in stock. Despite all these, none is willing to withdraw from this lucrative trade.
A survey of some big air-conditioner producers in the first six months of this year showed that the ...