Wire and cable industry is the second largest industry in China after the automotive industry. The product variety satisfaction rate and the domestic market share are all over 90%. In the world, the total value of China's wire and cable has surpassed the United States, becoming the world's largest producer of wire and cable. With the rapid development of China's wire and cable industry, the number of new enterprises is increasing, and the overall technical level of the industry has been greatly improved.
China sustained and rapid economic growth, providing a huge market space for cable products, Chinese market strong temptation, makes the world all eyes focused on Chinese market, in the reform and opening up a few decades, large production capacity Chinese cable manufacturing formed let the world sit up and take notice. With the Chinese power industry, data communications, city rail transportation industry, automobile industry and shipbuilding industry continues to expand the scale of cable demand will also be rapid growth, the future of wire and cable industry have great potential for development.
In November 2008, in response to the world financial crisis, the government decided to invest 4 trillion yuan in stimulating domestic demand, of which more than 40% were used in the construction and transformation of urban and rural power grids. The national wire and cable industry also has a good market opportunity, and all the wire and cable enterprises seize the opportunity to meet the new round of urban and rural power grid construction and transformation.