economy - Overcapacity: 30 million air conditioners

Little is more fascinating than stories about overcapacity in China. No product is safe and it explains why the newcomers and veterans alike face huge dilemma's. How would 30 million air conditioners look like? That is about the overcapacity in the market right now, says Chinese media. Even a million would be a nice picture, wouldn't it?
Domestic demand is 50 million, but production capacity went up this year 23 percent to 80 million. What to do with the difference? Capacity is only growing, as some of the major players are investing more and more. Fascinating.

Although China's air conditioner industry has been growing fast over the past years, its international market share is slim due to foreign technical barriers.