Since the reform and opening up, China's wire and cable industry has been considerable development. Since the early wire and cable technology is relatively simple, so the cable plant took root everywhere, and gradually formed some cable production layout. The formation of several major wire and cable areas. Several producing areas have developed independently and now all have formed large scales. The wire and cable industry is the second largest industry in China after the automobile industry, with the product variety satisfaction rate and domestic market share both exceeding 90%. Worldwide, the total output value of China's electric wires and cables has surpassed that of the United States, becoming the largest producer of electric wires and cables in the world. With the rapid development of China's wire and cable industry, the number of new enterprises is rising, and the overall technical level of the industry has been greatly improved. In November 2008, in response to the global financial crisis, the Chinese government decided to invest 4 trillion yuan to boost domestic demand, of which about 40% was spent on the construction and renovation of urban and rural power grids. The national electric wire and cable industry has a good market opportunity, the electric wire and cable enterprises around the country to seize the opportunity to meet a new round of urban and rural power grid construction and transformation.

In the face of increasingly huge competitiveness, especially the international cable manufacturers to join China's cable industry melee. Is bound to make the wire more competitive, China's sustained and rapid economic growth, provides a huge market space for wire products, and the Chinese market strong allure, made the world are focused on the Chinese market, in short decades of reform and opening-up, China's huge production capacity which is formed by the cable manufacturing makes the world sit up and take notice. With the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry, shipbuilding and other industries, the demand for wire and cable will also grow rapidly, and there is a huge potential for the future development of wire and cable industry.