China’s Household Appliances Exports Increase 18% YoY in the Last October

Despite the complex and severe international economic environment this year, and particularly the continuing downturn in the European economy, the export of China's home appliance industry has achieved recovery growth. Yesterday, the monitoring data of the import and export of electronic information products released by the Ministry of Industry, Information, and Technology Supervision and Coordination Bureau shows that in the first 10 months of this year, China’s home appliance industry maintained a rapid growth in exports, with export value of 84.4 billion U.S. dollars, an increase of 18% year-on-year.

In this regard, Changjiang Securities analysts on home appliance consumer network, said China's home appliance industry exports resumed growth, first, the income of home appliance companies to adjust their own export structure, the second is Europe, North America and other major exporting countries, the market economy is slowly recovering.

Yesterday, the monitoring data of the Ministry of Industry and Information Technology also showed that the communication equipment maintained the relatively rapid growth as the household appliance industry, and the export value was 140 billion US dollars, an increase of 20.9%. The growth rate of electronic equipment and electronic materials was flat, with exports amounting to 249 and 4.8 billion U.S. dollars, up by 9.4% and 9.0%, respectively. Computers, electronic components and radio and television equipment exports declined. Exports were 1,789, 587 and 5.8 billion U.S. dollars respectively. , year-on-year decrease of 6.6%, 21.3% and 38.6%.