17 Articles
17 Articles
The EU wants to reduce its record trade deficit with China by October, but the worst heat wave in the block's history is generating an unprecedented demand for imports of air conditioning manufactured in the Asian giant.
The cost of heat: Why Europe’s economy is melting
From damaged roads to soaring power prices, scorching summer weather is exacting a heavy economic toll on the EU Western Europe has been enduring another record-breaking heat wave, with temperatures topping 40C in several countries. France, the UK, Germany and Switzerland have all seen their hottest June temperatures on record, while the extreme weather has...
The two heatwaves at the start of this summer have triggered a rush on air conditioners in France and Europe. This demand highlights a massive industrial dependence on Asia, particularly China, at a time when air conditioning is gradually becoming a public health issue.
The intense heat waves that affect Europe this summer are driving demand for a new type of air conditioning developed in China. It is the PortaSplit, a portable equipment that combines features of traditional systems and is gaining ground in markets where the installation of these devices has been historically limited.
According to Turkish media, France and Germany are facing a shortage of air-conditioners after the record rise in demand, prompting European companies to reach out to Turkish manufacturers to provide additional quantities, with limited production within Europe. According to sources in the sector, Turkey has become a major hub for providing European markets with air-conditioning equipment in emergency demand situations, noting that European compa…
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