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China's Gree fined $91m over fire-prone appliances sold in U.S.

Appliance giant waited a year before recalling defective dehumidifiers

Gree air conditioners on sale in Shanghai. The Chinese company has agreed to pay a fine over faulty dehumidifiers sold in the U.S.   © AP

Chinese home appliance maker Gree Electric Appliances of Zhuhai has agreed to pay a $91 million fine to resolve criminal charges over faulty dehumidifiers sold in the U.S., according to federal prosecutors.

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