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China's Hardware Industry Competition Will Show Characteristics
May 04, 2018

China's position as a global hardware manufacturing center will be further strengthened.

     With the acceleration of China's integration into the global economic environment and the rapid rise of its economic strength, China has become the most dynamic economic region in the world. China's economic facilities are relatively perfect, industrial development is relatively mature, and labor costs are low, it has become a global hardware manufacturing center of comparative advantage, hardware manufacturing export-oriented development characteristics are obvious.


     To strengthen the center position of the first performance of the overall growth in recent years, the export of hardware products: main hardware products export growth rate higher than the output growth rate, higher than the domestic market sales growth rate; the main hardware electric appliance product full bloom, not only export categories of products, power tools, hand tools, building hardware products, these traditional the increase is very high, and before the export share of small kitchen electric products and sanitary products in export growth is also very obvious. Huge market and central position, gravity will further attract the transfer of hardware multinational manufacturing center to china.