The rapid development of Zhujiang Cable will drive the smooth development of my country's national economy of Guangzhou Cable

It is learned from the China Machinery Industry Association that because the establishment of my country's power grid has slowed down, and the establishment of UHV projects one after another, it has created a huge market for the wire and cable industry. In the past 15 years, the wire and cable industry has increased by more than 15% annually. Today, the total industrial output value of the industry exceeds 400 billion yuan, surpassing the United States and becoming the world's largest consumer of wires and cables. In the past 15 years, my country's wire and cable industry has formed a huge consumption ability based on a small amount of technology introduction, digestion and acceptance, and independent research and development. The supporting cable materials and cable equipment manufacturing industry have also initially formed a relatively complete Supporting system. This time I want to express in the following aspects: large enterprises have distinct advantages in market competitiveness, and they can make money; small and medium-sized enterprises have better asset operations; easy-to-access enterprises have a sensitive market operation mechanism, agile development, and a prosperous coastal economy Regional wire and cable manufacturing companies have distinct advantages. In terms of assets, the current state-owned economy accounts for only 15%, foreign-funded enterprises account for nearly 25%, and the accessible economy accounts for more than 60%. The East China region is the most important manufacturing area for wire and cable household goods, accounting for 50% of the country’s assets and output value, constituting 60% of sales and winning 70% of the industry’s profits.

According to expert guesses, in the next few years, the development speed of my country's wire and cable industry will definitely be higher than that of the national economy, which is estimated to be as high as 10%.

The rapid development of the wire and cable industry is bound to drive the smooth development of my country's national economy.

According to an electric power group's estimation: my country's power grid will usher in a golden age in the next five years, and the wire and cable industry will present "great opportunities." Following the national policy and the State Grid’s investment in smart grids, the joint venture nation’s west-to-east power transmission, grid reform and other projects, as well as the gradual promotion of the establishment of urbanization, will be close to power transmission and distribution in the next 5 years. The relevant wire and cable market capacity will continue to increase at an annual rate of 8%-9%, and the wire and cable industry will usher in new opportunities.