As China Emerges from Lockdown First, What Does It Mean for Smart Home?

Subscribe To Read This Insight

By Jonathan Collins | 2Q 2020 | IN-5816


How Will the Chinese Smart Home Consumer Return?


China, the first economy impacted by COVID-19, is also the first to tentatively start re-emerging from the impact of trying to contain the spread of the virus. As the huge global manufacturing and national consumer market returns, it will act as a bellwether for many industries and countries as they seek to do the same. Although the smart home market has significant differences compared to other markets around the world, China may still provide insights into the changes COVID-19 may bring to consumer behavior and economic investment relating to the way other markets will have to adapt to the changes lockdown and recession have brought to their economies.

Chinese Smart Home Giants Issue COVID-19 Quarter Warnings


In 1Q 2020, China’s economy shrank 6.8% compared to a year earlier. It was the first contraction since 1992, when the country began reporting quarterly Gross Domestic Product (GDP). Within the period, according to the China National Bureau of Statistics, retail sales were also hard hit, although th…

You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.