AC Market Review: China

Following a recent analysis entitled the "White Paper" released by the State Information centre of China (SIC) during a recent conference in Beijing, figures show a sharp drop in the domestic sales growth rate (-7.98%) and a less pronounced decline in value (-0.04%) over the 2004-2005 refrigeration year. Many factors have led to this decline, including production costs, sales, channels, climate, overstocked products, and the implementation of new regulations. In all, 27 different brands were driven out of the market in 2005.