According to the data issued by the China Household Electrical Appliances Association (CHEAA), the electric appliance industry in China registered an overall operating revenue of RMB 1.48 trillion ($0.23 trillion) in 2020, down by 1.06 percent year on year.
In the given year, the industry posted an overall export volume worth $83.7 billion, up 18 percent year on year, an all-time historical high, while the year-on-growth was the highest in the past ten years.