Exhibition Overview: Interclima is a premier HVAC exhibition for bathrooms in Europe and a top-tier event in the global heating, cooling, and air conditioning industry. It brings together the best in the industry, offering a platform for exhibitors and visitors to showcase and exchange ideas.

Xiaosong's traditional wall-mounted electric heater company has set up a booth at the Interclima exhibition. Many of its clients, primarily from the traditional heating industry, have shown great interest in heat pumps, which are eco-friendly and innovative heating products.

Economic Downturn in France and Its Impact on the Real Estate and Related Industries.

Economic Downturn: In recent years, France's economy has faced downward pressure. Inflation has weakened the purchasing power of the French, while rising bank interest rates have increased the difficulty of obtaining credit. These factors have led to a decline in sales in the real estate market.

Impact on the Real Estate Market: Affected by the economic downturn, the overall French real estate market is experiencing a downward trend. Falling house prices and reduced sales have become the norm. The decline in house prices is particularly evident in major cities such as Paris. However, some experts point out that amidst the struggling real estate market and limited purchasing power, investing in and renovating "heat-filtered" homes (installing heat pumps) is seen as an opportunity.

Impact on the Heat Pump Market: Despite the negative impact of the real estate market downturn on the overall economy, the heat pump market has shown great potential. The French government aims to replace residential fuel and gas heaters with heat pumps and establish related equipment manufacturing industries to reduce greenhouse gas emissions. This policy orientation provides strong support for the development of the heat pump market.