The table provides a revealing glimpse into the steady growth of major durable consumer goods owned per 100 households in China from 2014 to 2023. Specifically, the ownership of air conditioners witnessed a dramatic surge from 75.2 to 145.9 units. Meanwhile, washing machines and refrigerators also experienced consistent increases, reaching 98.2 and 103.4 units respectively by the end of 2023.

Several factors contribute to this profound shift in domestic consumption. Primarily, the unprecedented economic growth and the rise in disposable income have empowered Chinese families to seek a more comfortable and modernized lifestyle. Furthermore, the optimization of supply chains and technological advancements have made these once-luxury items more affordable and energy-efficient for the general public. Lastly, the "home economy" trend, accelerated by changing social lifestyles, has fueled the demand for high-quality appliances that enhance daily convenience.

In my perspect...