This industry has come a long way, both in terms of technology and in the development of the market. Many foreign refrigerator makers are taking advantage of these reports to popularize their products in China.
Specialists believe foreign refrigerators are making their third attack on the China market.
While foreign refrigerators have been busy getting in and out of the China market, domestic refrigerators have matured. Starting in the 1970s through the mid 1980s, China's refrigerator market was dominated by foreign products. From the mid 1980s, domestic producers began gaining ground as foreign products lost their grip. Then in the late 1980s through the mid 1990s, a considerable number of domestic producers rose up and failed amidst fierce market competition. The market was dominated by the top domestic producers.