The wire and cable industry although is only a supporting industry, but it still occupies 1/4 of the output value of China's electrical industry. It is a wide variety of products and has wide range of applications, such as the electricity, construction, communications, manufacturing and other industries and sectors, and importantly, it is closely related to national economies. Wire and cable has also been called an economic "arteries" and "nervous", they are the indispensable basic equipments for power transmission, passing information and manufacturing all kinds of motors, instruments, meters, electromagnetic energy conversion. It is the necessary basic products in the future electrification and information in the society. So the custom cable manufacturer can always stand their feet on the wire and cable industry and they keep contributing to China's electrical industry. Wire and cable industry is the second largest industry. In the world wire and cable output, China has surpassed the United States and become the world's largest wire and cable production country. Accompanied the rapid development of wire and cable industry, the number of new enterprises is rising, and the technology level of industry as a whole to be greatly improved.
Wire & Cable Achievement
From January to November in 2007, the Chinese wire and cable manufacturing industry realized a total industrial output value of 476,742,526 thousand RMB, an increase of 34.64% compared with the same period of last year; achieve the total sales revenue of 457,503,436 thousand Yuan, up 33.70 percent compared with the same period of last year; and achieve the cumulative total profit of 18,808,301 Yuan, an increase of 32.31% compared with the same period of last year. From January to May in 2008, the Chinese wire and cable manufacturing industry realized a total industrial output value of 241,435,450,000 Yuan, an increase of 26.47% compared with the same period of last year; achieve the total sales income of 227,131,384,000 Yuan, an increase of 26.26% compared with the same period of last year; and achieve the cumulative total profit 8,519,637,000 Yuan, an increase of 26.55% compared with the same period of last year. In November of 2008, in order to response to the world financial crisis, the government decided to invest 4 trillion Yuan to stimulate domestic demand, which has more than about 40% for urban and rural power grid construction and transformation.National wire and cable industry has a good market opportunities and all around the country, the usb cable manufacturer try to seize the opportunities and to meet a new round of urban and rural power grid construction and transformation.
Future Vision of Wire and Cable Industry
The sustained rapid growth of China's economy provides a huge market for cable products, and the strong temptation of Chinese market makes the world's all eyes focus on the Chinese markets. In a short period of reform and opening decades, the huge production capacity of the Chinese cable manufacturing make the world with admiration. As the scale of China's power industry, the data communications industry, the urban rail transport industry, the automotive industry and shipbuilding industry continues to expand, the demand for wire and cable will also keep the rapid growth, and the wire and cable industry will have a great potential for development.