Output of home appliance industry grows 21.77%
(Xinhua)
Updated: 2006-04-19 15:35
The output value of China's home appliance industry jumped 21.77 percent to
60.9 billion yuan (US$7.6 billion) in the first two months of 2006, the China
Securities Journal quotes figures from the State Information Center (SIC) as
saying on Wednesday.
The rate is 2.76 percentage points higher than that in the same period last
year, the SIC says in a report.
The accumulative sales revenue of the industry during the two months totaled
56 billion yuan, rising 17.49 percent year on year, which was 9.45 percentage
points lower than that in the same period last year, according to the SIC.
Compared with rising output, sales revenue of home appliance recorded a slow
down, the SIC said, attributing this to the oversupply of manufacturers and
diminishing demand of urban residents.
The SIC suggested home appliance companies to expand sales in China's vast
rural area. In the next five years, 32.8 percent of Chinese rural families plan
to buy color TV, 17.5 percent plan to buy washing machines, and 21.1 percent
would buy refrigerators, the China Securities Journal says.
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