2.2 CHINA
2024-01-21
The bottleneck of the Chinese air conditioner supply chain eased with the full relaxation of pandemic control measures at the end of 2022. In 2023, RAC manufacturers advanced production to solve the tight inventory situation. However, due to high temperatures experienced in the summer, hot RAC sales caused out-of-stock situations in some regions, achieving unexpected high year-on-year growth based on a low base effect.
