Business
        

Statistics

Home appliances sales continue booming

Updated: 2011-06-04 15:54

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - Sales of home appliances in China continue to boom under a subsidy program aimed at stimulating rural consumption and improving farmers' living standards, data from the Ministry of Commerce (MOC) showed Saturday.

Related readings:
Home appliances sales continue booming Home appliance retail sales slow in April
Home appliances sales continue booming March home appliance sales jumps 179%
Home appliances sales continue booming Home appliance trade-in scheme fuels 152.12b yuan sales
Home appliances sales continue booming China's home appliance sales reach 152b yuan

During the first five months this year, retailers had sold a total of 45.23 million units of home appliances under the subsidy program, 71 percent more than the same period last year, the MOC said in a statement on its website.

That has resulted in sales of 109.5 billion yuan ($16.9 billion), more than doubled the same period last year, according to the statement.

The MOC figures also showed that, from February 2009 when China launched the subsidy program to the end of this May, the government had issued 40.75 billion yuan of subsidies, resulting in total sales of 160 million units of home appliances, valued at 351.3 billion yuan.

Among the best-selling home appliances are refrigerators and TV sets, which accounted for 60 percent of the total sales. Due to the approaching summer, sales of refrigerators and air-conditioners more than doubled from May to April.

E-paper

Harbin-ger of change

Old industrial center looks to innovation to move up the value chain

Chemical attraction
The reel Mao
Improving app-iness

European Edition

Specials

Vice-President visits Italy

The visit is expected to lend new impetus to Sino-Italian relations.

Birthday a new 'starting point'

China's national English language newspaper aims for a top-notch international all-media group.

Sky is the limit

Chinese tycoon conjures up green dreams in Europe with solar panels

Memory lanes
Great expectations
A diplomat of character