Price of household electrical appliances for export to rise 5 to 10 percent this year

hina's export price for household electrical appliances will rise 5 percent to 10 percent this year due to the price hike of raw materials, Beijing Daily reported on Monday.

However, the price increase will not have a big effect on the export, the newspaper said, quoting industry insiders.

Gelanshi, a household electrical appliances producer in south China's Guangdong Province, said the price of most of its products will increase by around 5 percent, and the price of air conditioners will rise 10 percent.

The price of air conditioners manufactured by Kelong and MD will also rise 5 percent to 10 percent, according to the newspaper.

China's small household electrical appliances manufacturers are under increasing pressure in the fierce competition of price war at domestic market due to the rising production cost, it said.

Source: Xinhua