China
Rechi Achieves Record High in Revenue and Sales in 2011
Rechi’s revenue in 2011 was RMB 16.7 billion, with a year-on-year growth of 32.23%; its total sales volume was 11.59 million units, a year-on-year growth of 22.61%. Rechi’ s revenue and sales last yea...
2012 Rare Earth Export Quota Policy Analysis
The Ministry of Commerce released the ‘Notice of 2012 rare earth export enterprises list and announcement of the 1st export quota,’ in which the 2012 rare earth export enterprises name list was announced, together with the 1st quota of rare earth export. This notice assigned the 1st export quota in 2012 to 11 enterprises that have passed the environment protection assessment, with a volume of 10,5...
AC Companies Active in the 111th Canton Fair
The 111th Canton Fair, an important indicator of China’s industrial development and economic trend, grandly opened in Guangzhou on April 15. Major home appliance makers were present at the fair, and a...
Government to Invest for Promoting New Energy in Building Ap
To better achieve green development, the focus in the building industry during the 12th Five-year plan will be on the large-scale promotion of recyclable resources. The central government will give preferential indemnification on welfare institutions such as schools and hospitals. Over the next few years, the Ministry of Finance will invest RMB 4 billion, and more callings for investment from loca...
2011 Revenue for Small and Medium-sized Electric Motors Grow
According to the data from the smalland medium-sized electric motor branch of the China Electrical Equipment Industry Association, in 2011 the overall performance of the small- and medium-sized electr...
First AC Bracket Safety Regulation Released
Recently, the ‘air conditioner outdoor unit bracket installation regulation,’which is China’s first industry regulation concerning air conditioner bracket safety, was released by the China National Household Electronic Appliances Service and Maintenance Association. The content of the regulation covers air conditioner bracket regulation, firmware regulation, as well as bracket inspections and requ...
Yuetu and Konka to Team up to Develop AC
Wenzhou Yuetu Electric Appliances Group (Yuetu) and Konka will establish a joint venture for an air conditioner development project that is now under discussion. The registered capital of the new comp...
Midea Central AC Establishes an Indonesian Joint Venture
Midea Central Air Conditioner celebrated the establishment of its Indonesia commercial air conditioner joint venture at Mulia Hotel,Jakarta on March 21,2012. The establishment of the joint venture is ...
Carrier Celebrates 25th Anniversary of JV with Shanghai Elec
On April 18, Carrier China celebrates the 25th anniversary of its first joint venture with Shanghai Electric Group (SEC). The joint venture has been a successful partnership that has contributed to Ca...
New Regulation to Impose RMB 7 Recycling Fee on RAC
From this July, the price of home appliances may include the recycling fees. An official from China Resource Recycling Association indicated on April 18 that the ‘Approach on the Administration of Col...
Westward March of Air Conditioners
Competition in the domestic Chinese air conditioner industry has intensified in recent years, on top of which air conditioner manufacturers are facing the end of incentive policies, rising costs, and ...
AC Energy Efficiency Inspection Regulation Implemented on Ma
According to the 45th announcement in 2012 from the National General Administration of Quality Supervision, Inspection and Quarantine, the measurable technical regulations including the ‘Inverter-type...
