AC Price Reduction May Extend to the 2nd Half of 2019

Due to the impact of the macro economy, the real estate industry, and weather conditions over the last two years, China’s household electrical appliances industry, including the air conditioner industry, has had a gloomy performance in the first half of 2019. Major demand for air conditioners has come from replacements for upgrading models in the urban areas, and the frequency of air conditioner purchases has been shrinking dramatically.