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China's Wire And Cable Industry Situation
Shenzhen STC Cable Manufacturer | Updated: Jan 28, 2016

In recent years, the rapid development ofChina's wire and cable industry, formed acertain scale in a short time. According to theChina Federation of machinery industrystatistics, in the past 15 years, wire and cableindustries the average annual growth rate of 15%per cent. Today, wire and cable manufacturingproduction up to nearly home, employing up to900,000 people, ranking first in the world.Gross output value of China's wire and cable hasmore than 1 trillion, ranking first in theworld. Of course, there is a positive side ofChina's wire and cable industry, also have anideal side. Recent negative news China's wireand cable industry frequently attractedattention, including the production of fake and shoddy products, low price, or even more seriousalso caused major fires.
In the past more than 10 years, China's wire andcable industry, focusing on a large number oftechnology introduction and independent research and development on the basis of digestion andabsorption, has huge production capacity,China's wire and cable industry for more than an average annual growth rate of 25%. And acomplete set of cable material, cabling,equipment manufacturing industry has formed arelatively complete system, as such, is China'swire and cable industry over the past more than10 years of rapid development and growth of theDecade
Formed by large companies has obvious advantagesin terms of market competitiveness andprofitability is stronger; assets operatingcapacity of the SMEs well; private enterprisesmarket operation mechanism of flexible, rapiddevelopment and so on. At present, the State-owned economic sector accounted for 15% ofChinese wire and cable industry, foreign-funded enterprises accounted for 25%, private economicsectors over 60%. As the wire and cable industryin East China's most important manufacturingareas, and value of assets accounted for 50% toform 60% of sales and win 70% industry profit amount.

 

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