is already the world's largest wire and cable producer, and the scale does not need to be excessively upgraded. What we need to do now is to maintain the scale, upgrade manufacturing technology, and take the high-end development route.

Wires and cables are widely used in all aspects of the national economy, providing important support for various industries, national defense construction, and major construction projects. They are known as the "vessels" and "nerve" of the national economy, and are the basic guarantee for the normal operation of the modern economy and society. It is also an indispensable product of the daily life of the people. In China, the wire and cable industry is second only to the automobile manufacturing industry, with the product variety satisfaction rate and domestic market share exceeding 90%.

From the perspective of the global market, China's total output value of wire and cable has exceeded that of the United States, becoming the world's largest wire and cable producer. Obviously, China's wire and cable industry is now successful. However, from a deep perspective, the Chinese cable industry is not so optimistic.

With the rapid development of China's wire and cable market, the overall level of the industry has been greatly improved. However, China's wire and cable market is currently facing a difficult transformation, and there is an urgent need to narrow the technological gap with international manufacturers. Especially in the high-speed development of the aluminum alloy cable market in recent years, the product quality is uneven, and it has become a huge hidden danger to safety.

The development of the industry has gradually matured. The emphasis on quality and safety, the pursuit of technological innovation and the responsibility of corporate citizenship are becoming the mainstream of development, so as to get rid of the current pure price competition. At the same time, with people's increasing attention to environmental issues and sustainable development, willingness to invest in R&D and innovation, choosing more environmentally friendly and recyclable materials to reduce damage to the environment, etc., has become the development direction of wire and cable companies.