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Steady Growth of China's Hardware Industry

Article Source:FAST-SPEED  Number of Visitors:1481  Time:2019-05-15

In recent years, the quality of practitioners in the hardware industry has been generally improved. Take the person in charge of China Hardware City, the largest hardware market in China, which will be built in Beijing, for example, there are many doctors and postdoctors. Now people like the lazy lifestyle, which further requires hardware more and more humanized and intelligent. Hardware occupies such an important position in home, but most of the domestic high-end home hardware market and the high-profit brand market are occupied by imported hardware enterprises.

In recent years, China's hardware industry has grown steadily, for three reasons:

Firstly, the quality of employees has been generally improved. Over the years, the quality of employees in the hardware industry has generally improved. Take the head of China Hardware City, the largest hardware market to be built in Beijing, for example, there are many doctors and postdoctoral people.

Secondly, the level of technology and management has been generally improved. As for the technology and management level of hardware enterprises, it has been greatly improved. Some domestic enterprises began to introduce advanced technology and management experience from abroad several years ago. Many enterprises have already possessed quite high level in technology and management.

Thirdly, the development of the industry has entered a stage of change. At present, China's hardware products are in the stage of renewal, from the low-end to high-end products of the transition period. This is very beneficial to the development of China's hardware industry. In the process of transferring the production of foreign products to the domestic market, some advanced production technologies and management modes including raw materials will inevitably be brought in together.

Finally, the market demand for hardware components is very large. After more than ten years of accumulation and steady improvement, China's hardware industry is now the world's largest country in output, and exports are growing steadily every year. The annual export of China's hardware industry is growing at a rate of about 8%. Hardware exports exceeded $5 billion last year, ranking third in light industry exports.

Due to the improvement of China's hardware manufacturing level and the expansion of production capacity, it is expected that China's hardware products will maintain a steady growth of more than 10% per year in the next five years. In the first 10 months, China's imports and exports of hardware and electromechanical products exceeded $500 billion. The surplus was further expanded, amounting to 7.06 billion US dollars, accounting for 64% of the country's trade surplus during the same period.


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