Trade Friction Getting More Intense, and Home Appliances Export Facing Severe Situation
The data released by Ministry of Industry and Information Technology on 20th shows that in 2009 the accumulative export total of China’s home appliance industry is 31.324 billion U.S. dollars, and the total imports is 2.804 billion, each declined by 13.27% and 12.08% year on year. And the cumulative trade surplus is 28.52 billion U.S. dollars, 43.96 billion less than previous year. Experts conclude that China’s home appliances trade of this year is hardly optimistic and the trade friction will be intensified.
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