Since June, the national stock market plunged, netizens are calling the urban green area the most. 27 the peoples bank of China announced that since 28 cut in deposit and lending rates and directional reduced the reserve requirements for Banks. This is the central bank in order to stabilize the economy first hit double down for seven years. Economy, under pressure from all walks of life both keep sitting on their attitude to change, real estate recession, transportation is not active, new energy production is also a step by step. In this case, the upstream enterprise of wire and cable industry is affected by the serious nature. In the case of the national economic downturn, wire and cable industry how to find another way out?
A, policy support, the wire and cable industry to Internet + to speed up the transformation. In the ministry of industry and information technology, li listened to promote the made in China 2025, major equipment development and standards, Internet + manufacture, and so on and so forth. Industrial manufacturing, he said, is the important pillar of the national economy, the development is to realize the upgrade of the city. The developed countries and developing countries are committed to speed up the industrialization and the process of industrialization, our country economy to resist downward pressure, through the old and the new industry and the development of kinetic energy conversion period, must insist on the road of new industrialization and information fusion, adapt to the Internet and other new technology and new industry change trend, create new advantages of made in China and to maintain rapid growth in the economy in our country, provide strong support towards the high-end level. As a result, the major national wire and cable industry to speed up the industrial transformation and upgrading, the target focus on industries, such as the Internet, speeds up the model of Internet + transformation, to win in the stable.
Second, copper reversal, additive quantity production of aluminum alloy cable wire and cable industry and copper clad aluminum cable, accelerate industrial upgrading. The London Metal Exchange (London Metal Exchange), three months after the delivery of copper prices rose $35, $5790 a tonne. And lower nickel prices of $580, to $11870 a tonne; Prices fell $18.50, to $1689 a tonne; Zinc prices fell $12.50, to $2015 a tonne. Therefore, wire and cable manufacturers can avoid turneth the edge of copper rose, make other alternative to pure copper cable is a new type of cable, get enough profits.