China is making more air conditioners, and that's a good sign for the economy: Citi

Citi says it's seeing a good sign for China's economy: Production of air-conditioners and other home appliances is ramping up in the country.

But for big ticket home appliances such as air-conditioners, refrigerators and washing machines, positive signs are emerging, analysts at the U.S. bank said in a report dated Thursday. The report said the production increase has implications for rising demand for important metals that go into the manufacturing the products."Stainless steel use is also highly skewed towards kitchen applications ," it added."Air conditioners are big consumers of copper and a strong pick-up in production should create demand for copper tubes as well."

'People may well have a growing ecological sensitivity but it has not succeeded in changing their harmful habits of consumption which, rather than decreasing, appear to be growing all the more. A simple example is the increasing use and power of air-conditioning.' Pope Francis

Yeaa more air conditioners in the country with the most pollution...Great news!

glad I don't have to work on these.

So, those remaining Carrier jobs in Indy will end up in China? Indiana is still on the hook for $7 million to help Carrier (United Technologies) automate, though. Maybe we keep the robots?

And it’ll cool the global warming down

That’s good news for half the world because it’s about to be summer in half the world!!

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