综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Air conditioner maker's inventory hits 3 b yuan

(China Daily)
Updated: 2008-12-08 15:27

Quoting an unnamed source, Moneyweek reported on Monday that unsold stock of air-conditioners of Gree Electric Appliances, one of the biggest producers in China, is estimated to be valued at about 3 billion yuan ($439 million).

The source told Moneyweek that Gree has about 3 million air conditioners in stock with an estimated market value of about 1,000 yuan apiece.

Gree is not the only air conditioner producer that is taking a hit from the economic slowdown. Lu Renbo, an official from the Development Research Center of the State Council, estimated that manufacturers are holding up to 15 million air conditioners in unsold stock.