Trends: air conditioning: China

According to a report by the Market Economy Research Institute of the State Council Development and Research Centre, China may be facing the risk of stockpiling almost 30 million air-conditioning units next year. The total output of air conditioners reached 80 million units during the first half of last year, up 23% year-on-year. Domestic demand is estimated however at 50 million units per year, indicating that the industry is faced with the dilemma of a rapid expansion production capacity and an oversupply on the domestic market.