Consumption and export investment is the driving force for the development of China's casting industry

Consumption and export investment is the driving force for the development of China's casting industry---BL Die Casting

Investment, consumption, and export are the three troikas that drive economic growth. The above three major forces are also extremely important for the development of the casting industry. Consumption is internal demand, that is, the consumption capacity of domestic castings; export is external demand, that is, the demand of China's castings in the international market; investment mainly refers to capital expenditure. For a long time, China's casting industry relies on the development of the above three major powers, but there is an imbalance in the proportion of various powers.
At present, in the process of development of China's casting industry, there are drawbacks of excessive dependence on investment and export power. The huge scale of China's casting industry comes from, which is mainly dependent on investment expansion, so that China's casting production scale has rapidly climbed to the top in the world in just a few decades. In addition, the product consumption channels of a large number of casting production enterprises in China are mainly exported. This aspect is determined by the huge production capacity of castings in China and the lack of consumption space in the domestic market. On the other hand, the casting production enterprises in China have long neglected the development of the domestic market. .

China's casting industry relies too much on investment and exports to drive industry growth. Once the economic cold is encountered, domestic casting enterprises will be affected by a large area, leading to the lack of success of the company and even the collapse of the economic cold wave. Therefore, China's casting industry should overcome excessive dependence on investment and exports, and balance the use of investment, consumption, and export power.