Chinese production of air-conditioners declined by 14.7% on year to 19.4 million units during May, according to the latest data from China’s National Bureau of Statistics, with the May result taking total production over January-May to some 78 million units, lower by 23.1% on year, the NBS data show. However, the pace of the decline had slowed marginally from the 24.8% decrease charted over the first four months.
中国造船企业在一月至五月接到新船订单相当于总1160万载重吨（DWT），同比下降1.2％，根据国家船舶工业的中国协会（CANSI）6月19日发布的最新版本. Demand for new vessels stayed dull as global freight markets continue to be buffeted by the coronavirus storm, Chinese market sources said Friday, admitting they were pessimistic about the medium- to long-term future for the country’s shipbuilding industry.
Better than expected, China’s auto sales rose on year and on month for the second successive month in May after a 21-month continuing drop, up 14.5% on year or 5.9% on month to 2.2 million units, mainly due to the government’s preferential policies and robust demand for trucks for infrastructure construction, according to the release from the China Association of Automobile Manufacturers (CAAM) on June 11.
China’s sales of excavators for both domestic and overseas customers for May had rose on year for the third successive month, up 68% on year, as end-users had been booking in anticipation of more construction projects in the coming months, according to the latest statistics from the China Construction Machinery Association (CCMA) on June 9.
The combined gross profit of enterprises in China’s auto industry surged 29.5% on year during April, according to the latest release by China’s National Bureau of Statistics (NBS) on May 27. The sector received a moderate boost from the rise in sales last month – reflecting the lift in demand that had been delayed by the battle against COVID-19 – but market sources warn that the handsome profits would be difficult to repeat.
China’s production of air-conditioners dropped by 24.8% on year over the first four months of 2020, though the pace of the decline slowed marginally from the 27.9% decrease seen during January-March, according to the latest data from China’s National Bureau of Statistics (NBS). Demand for the units has not fully returned, and concerns about retreating global demand and hovering high stocks saw makers continue to restrain production, market sources said.
China has decided to continue providing the subsidies now in place on new-energy vehicles over 2020-2022 in order to boost NEV sales, though the size of the incentives will decline, according to an official release from China’s Ministry of Finance (MoF) on April 23.
China’s production of white goods with air conditioner in particular, slumped 10-30% on year for the first quarter of 2020 because of the COVID-19 outbreak first in China in late January and then the worldwide starting early march, according to the latest statistics released by China’s National Bureau of Statistics (NBS).
China’s excavator sales including those to domestic customers and for export declined by 8.2% on year during this year’s January-March quarter, mainly as domestic demand over the first two months was essentially frozen amidst the COVID-19 diffusion nationwide, according to the latest statistics from the China Construction Machinery Association (CCMA) published on April 9. Significantly though, sales in March surged by 11.6% as business began recovering in rural areas, the association noted.