Refrigeration Appliances in China - New Market Study Published
Registering volume and current value growth of 2% and 5% respectively, refrigeration appliances suffered from a huge deceleration from the robust growth in 2011. The slow-down was largely attributed to multiple factors, such as the withdrawal of the Household Appliance Trade-In Subsidy Programme at the end of 2011 and the Rural Household Appliance Subsidy Programme at the end of 2012. These two subsidies, especially the latter, had drastically boosted the domestic sales of consumer appliances...
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