China's Three Giants in Air Conditioner Manufacturing Reduced Production to Cut Excessive Inventory

Midea,Haier and Gree,China’s three giants in air conditioner manufacturing who have been troubled by an excessive inventory due to a cool summer this year,have cut their produc- tions,marking a premature end to the huge de- mand in China’s air conditioner market lasting for three consecutive years.Currently the whole industry has an inventory of more than 10 million air conditioners.