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BIZCHINA / Biz Media Digest

Light Industry: put off price hike
(Shanghai Daily)
Updated: 2006-05-24 14:13

Home appliance retailers - notified recently of cost increases from major air-conditioner makers - said they will use their inventories to maintain prices at the current levels for the near term.

Gome Appliance, China's biggest home appliance chain, said it won't raise air-conditioner prices this year because it has already stocked enough supply to handle the busy summer season.

"We purchased more than 5 billion yuan (US$625 million) worth of air conditioners in March and April to meet peak demand in our stores," said Chang Shuning, a spokesman for Gome Appliance in Shanghai.


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