China home-appliance sales fall 9.9% as domestic demand weakens

Verifying
  • Chinese home-appliance companies pursued overseas, B2B and new-product demand as domestic sales weakened.
  • 425 billion yuan in first-half retail sales represented a 9.9% year-on-year decline.
  • Haier, Gree and Hisense reported declines, while Midea, TCL, Roborock and Ecovacs grew.
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