China fridge industry has been struggling in 2017 after multiple factors such as soaring raw material prices, intensified mainstream brand price competition and difficult upgrading of consumption.
China’s “Sputnik 1 moment” appeared in March 2016, when the AI program AlphaGo developed by DeepMind of Google AI (AI) defeated the Korean go master Li Shishi (Lee Sedol).
In 2017, the water heater industry achieved a high growth. According to the data, the retail sales of the hot water heater industry reached 74 billion 900 million in 2017.
The construction of pension institutions in China is growing rapidly. By the end of September 2017, the total number of pension institutions exceeded 14.46 million.
Smart home technology connects all kinds of devices in the home through IOT technology, it shows that smart home is accelerating the integration of future life.
From the perspective of brand, luxury brands have entered the downward line, but from the product point of view, luxury brands are entering a new golden growth point.