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Midea, China's top home appliances maker, to expand overseas production as it eyes 10 per cent global market share

Midea, China’s top home appliances maker, to expand overseas production as it eyes 10 per cent global market share
Iris Ouyang iris.ouyang@scmp.com
© SCMP
Midea Group has interests ranging from robots and automation to property development and education, and ranked 307th in the Fortune Global 500 List last year. Photo: Iris Ouyang
Midea Group, China s largest home appliances company, is expanding overseas production with new plants featuring enhanced automation as part of its ambition to corner around 10 per cent of the global market within five years, according to a top executive.
The company is in the process of choosing one or two locations for setting up new manufacturing facilities with a high level of automation in North America, which is expected to be finalised before the end of the first half of this year, said Wang Jianguo, president of Midea International, a unit of Midea Group responsible for overseas operations. ....

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Protecting ozone layer, protecting Earth: making air-conditioning safer

UNIDO
When WANG Lei graduated from university, her first job was an engineer in an air-conditioner factory. At that time, there were less than 20 air-conditioner factories in China, each producing a few thousand units a year.
Some thirty years on, China is the global leader in the production of air-conditioning appliances, producing around 70% of the nearly two billion room air-conditioners installed worldwide each year. Today, China has one of the world’s fastest growing domestic markets for air-conditioners. From 2000 to 2020, energy demand for space cooling in Chinese buildings increased on average by 13% each year – the fastest recorded growth in world history. ....

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Protecting the ozone layer, protecting the Earth: making air-conditioning safer

Protecting the ozone layer, protecting the Earth: making air-conditioning safer
unido.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from unido.org Daily Mail and Mail on Sunday newspapers.

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China's exports to the US may jump about 20% in 2021: expert | Hellenic Shipping News Worldwide

China’s exports to the US may jump about 20% in 2021: expert
Amid a steady recovery in the domestic economy and strong overseas demand, China posted a year-on-year gain of 60.6 percent in its exports during the first two months of 2021, the General Administration of Customs (GAC) said.
Exports reached $468.87 billion during the January-February period in US dollar terms, while imports rose 22.2 percent to $365.62 billion, according to GAC data released on Sunday.
The trade surplus for the two months reached $103.25 billion, compared with a deficit of $7.21 billion for the same period last year.
Recovering markets in the EU and the US drove China’s export rise, making “a slack reason” busy, with exports headed for Europe, the GAC said. ....

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China's exports to the US may jump about 20% in 2021: expert

China’s exports to the US may jump about 20% in 2021: expert
Xie Jun Published: Mar 07, 2021 08:28 PM
A ship berths at the Lianyungang Port in East China s Jiangsu Province on Tuesday, waiting to load 1,300 cars for export. Photo: VCG
Amid a steady recovery in the domestic economy and strong overseas demand, China posted a year-on-year gain of 60.6 percent in its exports during the first two months of 2021, the General Administration of Customs (GAC) said on Sunday.
Exports reached $468.87 billion during the January-February period in US dollar terms, while imports rose 22.2 percent to $365.62 billion, according to GAC data released on Sunday.
The trade surplus for the two months reached $103.25 billion, compared with a deficit of $7.21 billion for the same period last year. ....

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