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China's Position As A Global Hardware Manufacturing Center Will Be Further Strengthened
Jun 29, 2018
Because of the perfect economic facilities, mature industrial development and low labor cost, China has the advantage of becoming a global hardware manufacturing center, and the outward oriented development characteristics of hardware manufacturing industry are obvious.
The strengthening of the central position is reflected in the overall growth in the export of hardware products in recent years: the export growth rates of major hardware products are all higher than the growth rate of output and the growth rate of sales volume in the domestic market; the main hardware and electrical products are in full bloom.
Power tools, hand tools, building hardware, furniture hardware, these traditional export categories of products with high growth.
The huge market and center position gravitation will further attract the hardware multinational corporation manufacturing center to shift to China.