Rapid growth in home-appliance sales: Report
By Wu Yiyao in Shanghai | China Daily | Updated: 2013-03-21 07:33
Chinese consumers are 'getting increasingly rational', and willing to spend more on high-end products
Although income growth has slowed in recent months, consumers are willing to pay more for home appliances, especially expensive ones, according to a report released on Wednesday.
The report by GfK China, a market researcher and information provider, said China's high-end home-appliance market will grow fast in the next three years.
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