As guests entered, the exhibition quickly bustled with activity.
Exhibitors at each booth were using various methods to attract attention.
Li Fuhong's company was in the midst of transformation.
Originally, a decade ago, the company devoted itself to the domestic appliance industry and quickly dominated the market with prices nearly half that of imports, making a fortune.
However, as more businesses entered the market, vicious competition ensued, and the home appliance market gradually entered a slump.
The company's main home appliance products faced severe overstock.
Especially five years ago, when the state set production plans, it significantly reduced the production quotas and restricted the import of home appliance components like cathode ray tubes and compressors.
This turned what had been a booming industry into a frigid winter.
After all, though they were called domestic appliances, the main parts still relied on imports.
