Wire and cable are used to transmit electrical (magnetic) energy, information, and wire products that convert electromagnetic energy. The generalized wire and cable is also referred to simply as cable. Narrowly defined cables refer to insulated cables. It can be defined as a group consisting of: one or more insulated cores, and their respective possible cladding, total protective layer and outer sheath. Cables can also have additional uninsulated conductors.

In China's wire and cable industry, the production capacity ranks first in the world, but the production capacity is seriously over-supply. Most of the production is low-end products, and the industry concentration is extremely low. The market is in a mixed-race situation and it is no exaggeration. It can be said that the vassals are separatist and crowded. "Cut-throat" competition is everywhere, and no one company can be regarded as a true leader in terms of market share, innovation capability, brand influence, and international competitiveness. This is an indisputable fact. .

At present, there are more than 7,000 small and medium wire and cable enterprises in China. Due to the lack of R&D capabilities, most of these companies make a fuss about low-end products. Therefore, product prices have become a magic weapon for many SMEs. As the wire and cable is a typical heavy-duty, light-weight industry, the price of raw materials accounts for 70% to 80% of the total cost. Therefore, the quality of raw materials affects the quality of wire and cable products to a great extent. The reason why small companies can provide ultra-low-cost products is nothing more than making a fuss about raw materials. The quality of products can be imagined. In the recent period of continuous high copper prices, some companies have already appeared to be sub-filled.

For the industry, we should establish a win-win game rules, smart development rather than hard competition. Open up territory and seize the international market, instead of killing you in the domestic low-end market. Wire and cable companies should spare no effort to speed up technological innovation, product upgrades and extension of the industrial chain, such as high-voltage cable accessories, high-voltage cable production equipment, high-voltage cable materials, optical fiber preforms, aviation wire, high-end product testing equipment.

China's wire and cable industry is dominated by short-sighted companies and lacks strategic and lofty enterprises. In the process of transforming the planned economy into a market economy, the first giant companies that have been born since the founding of the wire and cable industry have fallen one after another, and a number of new generations of emerging companies have been born one after another. Today, once the world economy is once again facing a transformation, it is very important for us to grasp the opportunities of the future. Traditional enterprises must have a sense of crisis in the environment where life is constantly refined and science and technology continue to progress. We must look, listen, and act more to maintain our innovation capabilities and vitality. The U.S. Globalist said: "If we say that mankind's first and second industrial revolution depends on the development and use of large machines represented by steam engines and generators, all energy sources are almost non-renewable energy sources. Then the third industrial revolution will turn to the inexhaustible renewable energy sources such as solar energy, wind energy, etc. What is the most important asset in the 21st century? First, energy capital, now the world has entered the era of new energy economy; Second, spiritual capital, the meaning of the soul is to give the system life and ability, which means the internal drive of organizational change.

China's wire and cable industry has only dealt with its own problems in order to truly lead China's wire and cable industry to the real stage of world competition.