The wire and cable manufacturing industry is the industry with the largest output value among more than 20 sub industries in the electrical and electrical industry, accounting for one fourth of the output value scale of the electrical and electrical industry. Its products are widely used in various sectors of the national economy, providing important supporting facilities for the development of various industries such as electricity, energy, and rail transit. It is an indispensable basic equipment for the development of various industries and a fundamental guarantee for the normal operation of modern economy and society.

In recent years, with the sustained and rapid development of the Chinese economy, the wire and cable industry has grown rapidly. According to relevant data, from 2006 to 2010, the average growth rate of the wire and cable industry was 27.62%. The total industrial output value increased from 413.661 billion yuan in 2006 to 925.5 billion yuan in 2010. By 2011, the total output value of China's wire and cable industry had reached 1143.8 billion yuan, breaking through trillion yuan for the first time. At this point, China has become the country with the largest scale of wire and cable manufacturing in the world.

In 2012, due to the slowdown in GDP growth, global financial crisis, and domestic economic restructuring, the challenges faced by the wire and cable industry have become more prominent. Firstly, there are nearly 10000 wire and cable production enterprises in China, but there are very few manufacturers capable of producing special cables such as fire-resistant cables, urban rail transit cables, heating cables, and data communication cables, accounting for less than 1% of the existing number of wire and cable manufacturing enterprises; Secondly, China's wire and cable industry has severe overcapacity and low price competition. A set of data provided by the Ministry of Industry and Information Technology shows that in 2012, the utilization rate of ordinary wire and cable production equipment in China's wire and cable industry was generally less than 40%, the production capacity utilization rate of medium and high voltage power cables was 60%, and the operating rate of small and medium-sized cable enterprises was less than 30%. The production capacity of the cable industry has far exceeded the demand for cables in the domestic market, and its products are mainly concentrated in the low-end ordinary cable field, competing fiercely with low prices to seize the market, In the field of high-end special cables with high profit margins, domestic enterprises have a small market share. Thirdly, international giants have entered China on a large scale, intensifying industry competition. As of now, world-renowned wire and cable giants such as France's Nexen, Italy's Prysmann, General Electric Cable of the United States, Sumitomo Electric of Japan, and Koga Electric of Japan have entered the Chinese market, occupying most of the high-end market share. Fourthly, China's wire and cable industry has weak independent innovation capabilities, insufficient investment in research and development funds, and slow product upgrades. Especially for small and medium-sized enterprises, their independent design and development capabilities are poor, and there is no development mechanism that organically combines wire and cable products, materials, processes, and equipment, leading to slower industry development.

Faced with unfavorable factors, the domestic wire and cable industry has begun to seek breakthroughs. At present, the prominent problem in China's wire and cable industry is the product structure, with an excess supply of ordinary cable products and a shortage of special cables. Therefore, adapting to market changes and national policy guidance, transforming and upgrading product structure, and improving product technology content have become the future path of industry development.

According to the "Guiding Opinions on the Development of China's Wire and Cable Industry during the 12th Five Year Plan" formulated by the Wire and Cable Branch of the China Electrical Appliances Industry Association, it is predicted that the wire and cable industry will