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 the short period of reform and opening up, China's cable manufacturing industry The huge production capacity that has been formed has made the world look impressive. With the continuous expansion of China's power industry, data communications industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for power cables will also grow rapidly. In the future, the wire and cable industry has great potential for development.
In November 2008, in response to the world financial crisis, the government decided to invest 4 trillion yuan to stimulate domestic demand, of which about 40% was used for urban and rural power grid construction and transformation. The national wire and cable industry has a good market opportunity, and wire and cable enterprises around the world seize the opportunity to meet the new round of urban and rural power grid construction and transformation.
The wire and cable industry is the second largest industry in China after the automotive industry, with product product satisfaction rates and domestic market share exceeding 90%. In the world, the total output value of China's wire and cable has surpassed that of the United States, becoming the world's largest wire and cable producer. Along with the rapid development of China's wire and cable industry, the number of new enterprises has been rising, 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 the short period of reform and opening up, China's cable manufacturing industry The huge production capacity that has been formed has made the world look impressive. With the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for wire and cable will also grow rapidly. In the future, the wire and cable industry has great potential for development.
In November 2008, in response to the world financial crisis, the government decided to invest 4 trillion yuan to stimulate domestic demand, of which about 40% was used for urban and rural power grid construction and transformation. The national wire and cable industry has a good market opportunity, and wire and cable enterprises around the world seize the opportunity to meet the new round of urban and rural power grid construction and transformation.
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