Rapid growth in home-appliance sales: Report

Chinese consumers are 'getting increasingly rational', and willing to spend more on high-end products

Although income growth has slowed in recent months, consumers are willing to pay more for home appliances, especially expensive ones, according to a report released on Wednesday.

The report by GfK China, a market researcher and information provider, said China's high-end home-appliance market will grow fast in the next three years.