China’s home appliance industry sees hike in revenue

China’s home appliance industry saw jump in revenues, but profits came down slightly during the first three quarters, according to the latest data from the Ministry of Industries and Information Technology.

The revenues hit 1.25 trillion yuan (around $195.34 billion), up 20.3 per cent on a year-on-year basis during the period.

The profits totalled 82.22 billion yuan, down 1.8 per cent on a year-on-year basis, the ministry said.
China’s output of refrigerators rose 2.1 per cent on a year-on-year basis to 66.2 million units during the nine months period, while production of washing machines reached 62.83 million units, up 17.3 per cent from a year ago.

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