The development of the hardware industry
In recent years, China's hardware industry has developed at a rate of 15% per year, with an annual output value of 180 billion yuan, exports of 8 billion US dollars, and exports ranked in the top three of light industry.
The global trade of the hardware industry totals 600 billion US dollars annually. For China, this is a market with huge export potential. In the world market, China's hardware products account for a limited market share, the fundamental reason is the low technical content. Due to the backwardness of most domestic brands' technologies and processes, high-end products still need to be imported in large quantities.
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