Production of air-conditioners and other home appliances is ramping up in China. Citi says that is a good sign for the world's second-largest economy.
Citi says it's seeing a good sign for China's economy: Production of air-conditioners and other home appliances is ramping up in the country.
But for big ticket home appliances such as air-conditioners, refrigerators and washing machines, positive signs are emerging, analysts at the U.S. bank said in a report dated Thursday. The report said the production increase has implications for rising demand for important metals that go into the manufacturing the products."Stainless steel use is also highly skewed towards kitchen applications ," it added."Air conditioners are big consumers of copper and a strong pick-up in production should create demand for copper tubes as well."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Amazon surrenders in ChinaAmazon has told sellers that it will no longer operate its third-party marketplace or provide seller services in China:
Weiterlesen »
Office workers in China organise a rare online labour movementToiling 9am to 9pm, six days a week has become an unspoken rule in the frenetic world of Chinese tech
Weiterlesen »
The Nintendo Switch is coming to China, but will it sell in a console-hostile market?Despite the size of China’s gaming market, consoles have rarely sold well there. Prior to a ban on gaming consoles that ran from 2000 to 2015, Nintendo previously sold devices like the Nintendo 64 and 3DS XL in China under the brand “iQue.”
Weiterlesen »
China opens the door to Nintendo's Switch and Super MarioCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Why Slower Growth Makes Sense For ChinaOppenheimerFund’s Director of Emerging Market Equities, Justin Leverenz, shares his view on China’s economy.
Weiterlesen »
'Tank man' video for Leica sparks outcry in China ahead of Tiananmen anniversaryGermany's Leica Camera AG drew criticism on Chinese social media over a vid...
Weiterlesen »
How India's economy went from weak to fastest growing in the worldIndia's economy is the fastest growing large economy surpassing China.
Weiterlesen »
How the U.S. Surrendered to China on Scientific ResearchWith China's ascendance, the U.S. intelligence community warns that America’s “lead in science and technology fields has been significantly eroded”
Weiterlesen »
China will keep supporting economy as 'pressure' lingers: politburoChina will maintain policy support for the economy, which still faces 'down...
Weiterlesen »
China to promote using wind energy to power heatingChina on Friday said it would promote using energy generated by the wind to help...
Weiterlesen »
China is using Facebook to build a huge audience around the worldChina now runs five of the six media outlets with the biggest Facebook followings
Weiterlesen »