China International Political Economy

Whirlpool Corporation, the US home appliance maker, announced it will invest in China according to AFP.

The Whirlpool China investment deal involves a 50 percent joint venture with Hisense a Chinese conglomerate.

While the amount of the China investment was not disclosed, the move by Whirlpool will begin to challenge China’s largest white goods producer, Hair, as Whirlpool competes for China’s domestic market share.