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COVID-19 hits China’s Q1 white goods production, demand

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).
Among the four, air conditioner posted the sharpest decline of 27.9% on year in production to 36.9 million units for Q1 even though the year-on-year decline narrowed to 18.8% to 19.4 million units for March alone, according to the NBS data. In Q1, China’s refrigerator production declined 19.8% on year to

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