|
I have three reasons for my prediction. The first is that the earlier round of pricecutting eliminated the lessefficient manufacturers from the industry; so there are fewer companies supplying the market. The second is that the government has taken measures to regulate the airconditioner market, eliminating the chaos that price wars entail. And the third is that with Chinas admission to the WTO, manufacturers will have to offer more attractive-not cheaper-products. |
|