1. China is the world's largest producer, consumer and exporter of refrigeration products.
According to the data released by the National Development and Reform Commission of China, the annual output value of China's refrigeration industry in 2018 reached 800 billion yuan, of which the global share of household air-conditioning production exceeded 80%, the share of refrigerators exceeded 60%, and the annual growth rate is about 6.7%, and the number of related enterprises reached tens of thousands.
2. China is the second largest economy in the world with the largest population.
China has a population of 1.4 billion, with GDP reaching 90.03 trillion yuan in 2018. It is the second largest economy in the world. The volume of import and export trade exceeds 30 trillion yuan, and the market demand is huge.
In recent years, the real estate industry has developed rapidly, driving the strong demand of air conditioning market. In 2018, China's domestic air-conditioning sales reached 92.587 million units, an increase of 4.32% over the same period last year, and its exports reached 57.959 million units, an increase of 9.47 %.
3. Strong Demand for Refrigeration Market
With the rapid development of industrial urbanization in China, the demand of refrigeration equipment industry is relatively stable. In addition to industrial and civil refrigeration demand, the development of fresh e-commerce in China has injected new vitality into the industry in recent years.
Since 2016, the market scale of fresh e-commerce in China has maintained a compound growth rate of 38%, which greatly promotes the development of cold chain logistics in China. In May 2019, the Central Committee of the Communist Party of China and the State Council deployed four “most strict” food safety requirements to vigorously develop cold chain logistics, which also brought extensive incremental space for the refrigeration equipment industry.
4. Advantage of host site
Zhejiang Province is the world's largest production base of refrigeration parts industry, with more than 10,000 refrigeration products enterprises, accounting for more than half of the national output value of refrigeration parts industry, of which the export of refrigeration parts accounted for 60% of the country.
Hangzhou is the Zhejiang Provincial Congress and the host city of the G20 in 2016. It has a high international reputation.
5. The exhibition received strong support from the government.
The exhibition was strongly supported by the Zhejiang Provincial Government who will integrate various resources to transform the exhibition into an international business card for Zhejiang and China.
6. Extensive promotion around the world.
RACC will publicize and promote in more than 40 countries around the world, and will participate in more than 50 international HVACR exhibitions, so that exhibitors and purchasers can obtain satisfactory results.
7. Multi-channel media publicity
We will combine nearly 100 industry magazines, newspapers and online publicity to expand the international influence of RACC.