China exports

According to statistics from Chinaiol.com, Chinese exports of commercial air conditioners in the first half of 2009 were worth RMB 2 billion (about USD 293 million), a 42.8% decrease compared with the same period of 2008. This is the first time exports have decreased year-over-year since 2006. The global economic crisis caused a sharp drop in orders from overseas. Exports to most countries decreased, especially India (-59.7%) and Italy (-59.2%). It is estimated that exports did not increase in the second half of 2009.