News Center

China's second largest wire and cable industry after the car

Release time:

2013-08-03

The wire and cable industry is the second largest industry in China after the automobile industry, with product variety satisfaction rate and domestic market share exceeding 90%. Worldwide, China's total output value of wire and cable has surpassed 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 enterprises is rising, and the overall technical level of the industry has been greatly improved.

The sustained and rapid growth of China's economy has provided a 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 decades of reform and opening up, China's cable manufacturing industry The huge production capacity formed has impressed the world.

GDP growth rate down, wire and cable business encountered bottlenecks

During the Twelfth Five-Year Plan period, with the rapid development of national GDP, the construction of the Three Gorges Hydropower Station and the western hydropower station on the Yangtze River, the formation of the west-to-east power transmission and the national unified network, and the construction of nuclear power will bring opportunities for the development of overhead lines, power cables and nuclear power plant cables. Just when China's wire and cable industry is booming. On March 5 this year, during the National "Two Sessions", Premier Wen Jiabao of the State Council made a government work report to the Fifth Session of the Eleventh National People's Congress that the GDP in 2012 will increase by 7.5. This is the first time in eight years that my country's gross domestic product (GDP) growth target has fallen below 8%. Even during the 2008 global financial crisis, China's GDP growth rate was still 9.2 per cent higher than the previous year, with real growth of 10.4 per cent in 2010 and 9.2 per cent in 2011. The slowdown in GDP growth means that 2012 is a pass for the wire and cable industry, which is dependent on GDP growth.

The development of the wire and cable industry is closely related to the total national economy and the above-mentioned automobile industry, shipbuilding industry, etc., and even at a certain time, to a certain extent, the development of the wire and cable industry represents the degree of national economic development of a country. Wei Dong, director of Shanghai Cable Institute, said that "GDP growth is slowing down, and China's industrial growth rate may continue to maintain a moderate correction in 2012. Among them, the raw materials industry, automobile industry, shipbuilding industry, consumer goods industry and electronics manufacturing industry will increase the operating pressure, the situation is not optimistic", then, the future development of the wire and cable industry may not be so optimistic.

Crisis-Opportunity in Danger

With the reduction of GDP growth, a series of industrial structure adjustments have also kicked off. Industry insiders expect that even if the development of the cable industry is treated, the country will begin to pull the prelude of "holding pressure. China's economy will show two major characteristics in 2012: first, in the year of economic restructuring, the annual growth rate will gradually decline, and the period of rapid growth may come to an end; second, due to the tightening of monetary policy in 2011 to control inflation, it has brought about a shortage of funds, and 2012 will show a loose monetary policy.

The industry's well-known media cable online believes that the crisis is the coexistence of danger and opportunity. The slowdown of GDP growth, the imbalance of economic structure and the chaos of market competition are all dangers. However, such a period indicates that the era of "the strong are always strong" has come. In the past, rapid development, huge demand, low industry concentration, low-level repeated construction led to large defects in the industrial structure of the industry, "high-end absence, low-end melee" phenomenon is prominent.

Nowadays, with the slowdown of GDP growth and the adjustment of industrial structure, the changes of market demand, the innovation of business model, the improvement of industry standards, the competition of cost efficiency, and the fluctuation of copper price of main raw materials will promote the survival of the fittest and create an opportunity for industry integration, so that truly excellent cable enterprises have the opportunity to integrate excess capacity enterprises through acquisition, merger and reorganization.

High temperature superconducting cable obvious advantages in 2020 is expected to form an industry

University of Southampton makes 37 core hollow photonic bandgap fiber

High temperature superconducting cable obvious advantages in 2020 is expected to form an industry

University of Southampton makes 37 core hollow photonic bandgap fiber

English

中文

News Information

News Center

鑫牛线缆