Smart home appliances going to head of class By MA SI | China Daily | Updated: 2021-04-07 10:05 Share CLOSE An attendee checks out air conditioners displayed at a Skyworth booth during the 2021 Appliance & Electronics World Expo in Shanghai on March 24. [Photo provided to China Daily]
China s home appliance market is expected to return to pre-pandemic levels this year as high-end and smart products grow in popularity, according to a report from the China Center for Information Industry Development, a Beijing-based think tank.
The report showed that the retail sales in China s household appliance market reached 833.3 billion yuan (127.4 billion) in 2020, marking a year-on-year decline of 6.5 percent.
From:ChinaDaily | 2021-04-07 10:05
China s home appliance market is expected to return to pre-pandemic levels this year as high-end and smart products grow in popularity, according to a report from the China Center for Information Industry Development, a Beijing-based think tank.
The report showed that the retail sales in China s household appliance market reached 833.3 billion yuan (127.4 billion) in 2020, marking a year-on-year decline of 6.5 percent.
But such figures still showcased strong resilience amid the COVID-19 pandemic, the report said. Affected by the contagion, the first quarter of 2020 saw large-scale contraction with a year-on-year decrease of 35.8 percent in sales of home appliances, but then performance gradually improved. In the fourth quarter, online and offline markets fully recovered, and retail sales reached the highest annual level at 294.1 billion yuan.
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