Marbridge Daily

<- June 07, 2011 ->

China's 2011 Rural Appliance Sales Reach RMB 109 Bln

Sohu IT, 6/07/11

According to statistics released by China's Ministry of Commerce (MOFCOM), 45.23 mln electrical and electronic appliances were sold nationwide through the "Appliances to the Countryside" subsidy program in the first five months of 2011, resulting in RMB 109.5 bln in sales, up 71% YoY and 103% YoY respectively.

In May 2011, 5.78 mln electrical and electronic appliances were sold nationwide through the "Appliances to the Countryside" subsidy program, resulting in RMB 15.3 bln in sales, up 0.9% YoY and 21.8% YoY, respectively.

A total of 160 mln units have been sold since the program began in February 2009 for total sales of RMB 351.3 bln.

 
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