Cabinet hardware grows steadily
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1, the quality of practitioners generally improve the industry insiders, the hardware industry in recent years, the quality of practitioners generally improved, with the current China will be built in the country's largest hardware market China Hardware City, for example, there are many Ph.D., postdoctoral people.
2. The general improvement of the process and management level as far as the hardware industry's process and management level has been greatly improved. Some domestic enterprises started to introduce advanced technology and management experience abroad years ago. Therefore, factories like Great Wall Seiko have already achieved a very high level of technology and management.
3. The development of the industry has entered the stage of change. Currently, it is the period of upgrading of China's hardware products, from the mid-to-low end to the over-production of high-end products. This is very beneficial to the development of China's hardware industry, in the process of the transfer of production of foreign products to the domestic, it will inevitably bring along some advanced foreign production processes and management models including raw materials.
In addition, there is a great demand for hardware parts and components. Hebei Handan, a small processing plant, is lagging behind in production, and its sales force across the country has reached more than 100,000. After more than ten years of accumulation and steadily increasing, China's hardware industry is now the world's largest producer, and its exports have steadily increased each year.
The annual export of China's hardware industry is growing at a rate of around 8%. Last year, the export volume of hardware products exceeded US$5 billion, ranking third in the export ranking of light industry. Due to the increase in the level of Chinese hardware manufacturing and the expansion of production capacity, China's hardware products are expected to maintain a steady growth of over 10% per year over the next five years. In the first 10 months, the import and export volume of hardware and electromechanical products in China exceeded 500 billion U.S. dollars. The surplus further expanded, totaling 7.06 billion U.S. dollars, accounting for 64% of the national trade surplus in the same period.