Industry development:

Although the wire and cable industry is only a supporting industry, it accounts for a quarter of the output value of the Chinese electrical industry. It has a wide range of products and a wide range of applications, involving electric power, construction, communications, manufacturing and other industries, and is closely related to various sectors of the national economy. Wire and cable are also known as the "arteries" and "nerves" of the national economy. They are the basic equipment that can transport electric energy, transmit information and manufacture various motors, instruments and meters, and realize electromagnetic energy conversion. It is the future electrification and information. The necessary basic products in a society.
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.