Ministry of Industry and Information Technology: China's cable industry overcapacity is more serious

“The country has not included the cable industry in the guidance on resolving the contradiction of severe excess capacity, but the overcapacity task that the cable industry needs to alleviate is relatively heavy in the entire industrial sector. Not only that, but the cable industry technology is even more Slower, subversive technology is still less." On May 9, He Xiaolong, director of the Quality Management Division of the Science and Technology Department of the Ministry of Industry and Information Technology, said at the 2014 Global Wire and Cable Annual Meeting Focus Forum.

He Xiaolong told the China Economic Net reporter that there are many practical problems in China's cable industry. First, there is no balance. Usually after the market competition, it will form the leading enterprise of the first echelon. At present, China's cable industry has not yet fully formed the first echelon pattern, is in the process of development, has not yet fully formed a world-class brand. Rather, technology is slower and overcapacity.

For the entire Chinese cable industry, the task of resolving overcapacity is relatively heavy. He Xiaolong further elaborated that many of the excess capacity was not fully utilized. Currently, the cable industry is slower in technology and less disruptive. China's cable industry still has a lot of work to do to promote the transformation and upgrading of the cable industry, including transformation and upgrading, brand establishment and promotion, innovation of business models, innovation of industrial organization structure, technological innovation, etc. The overall transformation and upgrading of the cable industry.

The annual meeting was hosted by the global wire and cable portal, Cable Network, and obtained the AQSIQ, the Ministry of Industry and Information Technology, the China Machinery Industry Federation, the China Electricity Council, the State Grid Corporation, China Southern Power Grid Corporation, and Wuxi City. The people's government, the Yixing Municipal People's Government and other government departments and the provincial and municipal cable associations and chambers of commerce strongly support. The national economic portal China Economic Net reported live broadcasts of this annual meeting.

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