China's Ministry of Commerce said that home appliance sales under the country's rural subsidy program climbed 19.1 percent year-on-year to 18.2 billion yuan.
China's Ministry of Commerce said Wednesday that home appliance sales under the country's rural subsidy program dropped 25.7 percent year-on-year to 13.74 billion yuan ($2.18 billion) in January.
But some experts predict downturn is temporary and recovery is around the corner, as soon as fourth quarter
Hisense Group, China's leading home appliances maker, announced Friday that its net profit rose by 16.74 percent in 2011.
China may include solar products in a home appliance subsidy scheme for rural buyers in a bid to boost domestic consumption and the green industry, a local newspaper reported Thursday.
The Ministry of Commerce (MOC) said Thursday that sales of household appliances in China's rural areas surged 53.1 percent year-on-year in 2011 to 264.1 billion yuan, boosted by government subsidies.
China's "old-for-new" home appliance subsidy program spurred nearly 342 billion yuan ($54.3 billion) in sales this year, data released Saturday by the Ministry of Commerce (MOC) showed.
With China's home-appliance replacement scheme set to expire, customers have been rushing to the stores to catch the last chance to buy cheaper goods.
China's old-for-new home appliance subsidy program had stimulated 300.4 billion yuan ($47.68 billion) in sales by the end of November, the Ministry of Commerce said Friday.
Home appliance sales in China's rural areas rose 65.8 percent year-on-year to reach 29.8 billion yuan ($4.66 billion) in November, the Ministry of Commerce said Thursday.
The city of Hefei in East China's Anhui province plans to build itself into the world's major white goods manufacturing center within five years.
Home appliance sales in rural China continued to boom under a subsidy program, data from the Ministry of Commerce (MOC) showed Friday.
Tibet followed the steps of many other Chinese provinces and municipalities Tuesday in launching an old-for-new home appliance subsidy program.
China's Haier and Japan's Sanyo have signed a Memorandum of Understanding (MOU) on Haier's acquisition of a portion of Sanyo's home appliance division, said a senior Haier company official on Tuesday.
China's major home-appliance makers have found a new source of profit as they cash in on the lucrative real estate sector, industry experts said.
Sales of home appliances in rural China jumped 83.7 percent year on year in the first half of 2011, to 124.58 billion yuan ($19.28 billion), driven by a government subsidy, the Ministry of Commerce (MOC) said Tuesday.
Suning Appliance Co, China's largest consumer electronics retailer, announced Tuesday it will raise its stake in Laox Co, a Japanese home appliance chain, to 51 percent.
Suning Appliance, China's biggest home appliance retailer, aims to add 200 stores a year to its existing franchise network over the next ten years, the Securities Times reported Sunday, citing company chairman Zhang Jindong.
Sales of home appliances in China continue to boom under a subsidy program aimed at stimulating rural consumption and improving farmers' living standards, data from the Ministry of Commerce (MOC) showed Saturday.
China's biggest home appliance retailers reported slower growth in April, with a year-on-year increase of 18.5 percent, according to the Ministry of Industry and Information Technology (MIIT).
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