Since the reform and opening up, China's wire and cable industry has made considerable progress. Due to the relatively simple process of wire and cable in the early days, the wire and cable factory took root everywhere and gradually formed some cable production layouts. Several major wire and cable production areas have been formed. Several producing areas have developed separately and have now formed a large scale. The wire and cable industry is the second largest industry in China after the automotive industry, with product product satisfaction rates and domestic market share exceeding 90%. Worldwide, China's total wire and cable output has surpassed that of the United States, making it the world's largest wire and cable producer. Along with the rapid development of China's wire and cable industry, the number of new enterprises has been rising, and the overall technical level of the industry has been greatly improved. In November 2008, in response to the world financial crisis, the government decided to invest 4 trillion yuan to stimulate domestic demand, of which about 40% was used for urban and rural power grid construction and transformation. The national wire and cable industry has a good market opportunity, and wire and cable enterprises around the world seize the opportunity to meet the new round of urban and rural power grid construction and transformation.

     In the face of increasing competitiveness, especially the international cable manufacturers joined the cable industry in China. It is bound to make the competition of electric wires more intense. The sustained and rapid growth of China's economy provides a huge market space for cable products. The strong temptation of the Chinese market has made the world focus on the Chinese market, and it is short in reform and opening up. In the past few decades, the huge production capacity of China's cable manufacturing industry has made the world look impressive. With the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for wire and cable will also grow rapidly. In the future, the wire and cable industry has great potential for development.