The wire and cable industry is the second largest industry in China after the automobile industry, with a product variety satisfaction rate and a domestic market share of over 90%. Worldwide, China's total wire and cable output value has surpassed that of the United States, becoming the world's largest wire and cable producer. With the rapid development of China's wire and cable industry, the number of new companies has continued to rise, and the overall technical level of the industry has been greatly improved.
The sustained and rapid growth of China's economy has provided huge market space for cable products. The strong temptation of the Chinese market has made the world focus on the Chinese market. In just a few decades of reform and opening up, China's cable manufacturing industry The huge production capacity formed has made the world look at it with admiration. With the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry, shipbuilding and other industries, the demand for wire and cable will also grow rapidly, and the wire and cable industry still has huge development potential in the future.
In November 2008, in response to the global financial crisis, my country's government decided to invest 4 trillion yuan to stimulate domestic demand, of which more than 40% will be used for the construction and transformation of urban and rural power grids. The national wire and cable industry has a good market opportunity again. Wire and cable companies in various places seize the opportunity to welcome the new round of urban and rural power grid construction and transformation.
Skype: verdecable