China's hardware industry is growing steadily

Update:19 Oct 2019
Summary:

In recent years, the quality of the employees in the ha […]

In recent years, the quality of the employees in the hardware industry has generally improved. For example, the person in charge of the China Hardware City, the largest hardware market in China, will be the case. There are many doctors and post-doctors. Now people like the lazy lifestyle, which further requires hardware to be more human and intelligent. The status of hardware in the home is so important, but the domestic high-end home hardware market and the higher-profit brand market are mostly occupied by imported hardware companies.
In recent years, China's hardware industry has grown steadily, and the reasons are threefold:
First of all, the quality of employees has generally improved. In recent years, the quality of the employees in the hardware industry has generally improved. For example, the person in charge of the China Hardware City, the largest hardware market in China, will be the case. There are many doctors and post-doctors.
Second, the level of technology and management has generally improved. As for the level of technology and management of hardware companies, it has been greatly improved. Some domestic enterprises have begun to introduce foreign advanced technology and management experience in the past few years. Many enterprises have already had a fairly high level in technology and management.
Third, the industry has entered a phase of change. At present, it is the stage of upgrading and upgrading of Chinese hardware products, from the low-end to the high-end products. This is very beneficial to the development of China's hardware industry. In the process of transferring the production of foreign products to China, some advanced production processes and management models including raw materials will be brought together.
Finally, the market for hardware components is in great demand. After more than ten years of accumulation and steady improvement, China's hardware industry is now the world's largest producer, and exports are growing steadily every year. The annual export of China's hardware industry is growing at a rate of around 8%. Last year, the export value of hardware products exceeded 5 billion US dollars, ranking third in the light industry export ranking.
Due to the improvement of China's hardware manufacturing level and the expansion of production capacity, it is expected that China's hardware products will maintain a steady growth of more than 10% per year in the next five years. In the first 10 months, the import and export volume of China's hardware and electrical products exceeded 500 billion US dollars. The surplus further expanded, reaching a total of US$7.06 billion, accounting for 64% of the national trade surplus during the same period.