BEIJING, China, July 15 ------ As China is scorched by its hottest summer in decades, heat-relief products have become best-sellers among Chinese people.
From home appliances like air conditioners to cold drinks and ice creams, the demand for cooling products has lit up this summer's consumption.
According to the e-commerce platform Meituan, since the beginning of June, ice cream sales have increased by about 70 percent from a year earlier, and sales of iced beverages have doubled. Sales of cooling appliances have also increased significantly, and sales of electric fans have skyrocketed over the same period of last year, data from Meituan shows. Demand for air conditioning products have also seen a significant surge. Home appliance retailer Suning's data shows that from June 22 to 24, sales of air conditioners surged 280 percent from the three days prior in Beijing, as most parts of the city saw temperatures above 39 degrees Celsius.
Orders for trade-in and replacement home appliance services have also seen a sharp spike, with air conditioner trade-in orders accounting for over 40 percent of the total new orders, according to Suning. Over 60 percent of those trade-in orders were recorded in the Beijing-Tianjin-Hebei region. "The consumption of products such as air conditioners, cold beer and tourism will benefit from the summer," said Pan Helin, a researcher at the International Business School of Zhejiang University, adding that the current consumption situation is generally stable, and tourism consumption will continue to maintain its sound trend.
Source: mb.com.ph
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