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China also has a number of powerful hardware manufacturing groups, forming a number of unique, internationally renowned hardware manufacturing concentration. By 2020, the proportion of China's industrial added value to global industrial added value will increase from 5.72% in 2000 to more than 10%. Experts predict that the export of finished products will account for the proportion of global manufactured exports, which should increase from 5.22% in 2000 to more than 10%. Management experience, management methods, and management personnel all face challenges. The management of the market, the management of prices, and the management of sales promotion are all at a medium or medium-high level. China's hardware business management model has not yet embarked on a real agency road.
Many of our hardware companies have diversified strategies, and there is excessive competition at the same time. Many domestic manufacturers and brands do not have prominent main businesses, and their core competitiveness is poor. Chinese companies are currently smaller in size and do not respond to all the necessary tasks. Instead, they should first do the best for a class of products. The products of world-class companies often give a very clear impression.
At present, it is difficult for China's hardware manufacturers to get financing. Even if they can finance, the scale is very limited. The design capabilities and level of multinational hardware companies and their processing methods are higher than ours. They have advanced design reserves, and we lack both capital and technology. Most Chinese hardware companies have debt management, lack of transformation capabilities, and products are all on the same level. Therefore, the development of hardware companies is difficult, often forced by helplessness, into the price war.
Multinational corporations have established a modern enterprise system with clear property rights and are operational. Our traditional hardware manufacturing companies, even though they are listed, may have a strange circle. The hardware companies that operate the norm retain more or less the traces and imprints under the traditional management mechanism because they are all born under the traditional mechanism. of. Such mechanisms and traces restrict the exertion of competitiveness.
Many people in the country believe that foreigners do not understand the Chinese market. In fact, foreign manufacturers will use high salaries to solicit local talent from China, willing to pay for information. The service is very standard, not only not affixed money, but also profitability, using economic means to promote their service standards. The establishment of effective information channels and rapid reaction of the decision-making pipeline, and China's hardware response to market supply, often lags behind, we often lack of decision-making and delay in business opportunities. Foreign hardware manufacturers take the laws of the host country as the yardstick and never engage in a promise competition.
Products include manual and power tools, automotive diagnostic and repair equipment, diagnostic technology and related products, widely used in automotive, aerospace and other commercial areas. The hardware tool market in the United States has a market capacity of US$40 billion. China's hardware exports account for only a few percent of the total amount. Expanding overseas markets is just the beginning. It is necessary to go global and lack the talents and trade experience of transnational elites. The demand of the Chinese market itself has been increasing. Many foreign companies have come to China to produce. What they value more is the Chinese hardware market.
Chinese hardware companies have a high degree of familiarity with languages ​​and markets, and they also have a relatively good understanding of cultural needs. Therefore, it is more likely to establish their own brands. Foreign hardware companies that have entered China are internationally renowned multinational companies. They have good reputation and can provide users with quality products and perfect services. However, the domestic hardware market is undergoing a transformation. The traditional large-scale commercial economic unions, trade associations, Hualian systems and cross-border systems are all economic associations, waste of resources, and high marketing costs for companies. Most of the Chinese hardware manufacturers mainly focus on the domestic hardware market.
We will coexist with them for a long time, which undoubtedly poses absolute challenges and pressures for Chinese hardware companies. There are still many gaps between the domestic hardware market and the international hardware market. With China's accession to the WTO, China's hardware industry has achieved an important position in the world. China's hardware companies have taken a place in the world and are on the same footing with global hardware companies. Many world-renowned hardware companies have entered the Chinese hardware market.
Many of our hardware companies have diversified strategies, and there is excessive competition at the same time. Many domestic manufacturers and brands do not have prominent main businesses, and their core competitiveness is poor. Chinese companies are currently smaller in size and do not respond to all the necessary tasks. Instead, they should first do the best for a class of products. The products of world-class companies often give a very clear impression.
At present, it is difficult for China's hardware manufacturers to get financing. Even if they can finance, the scale is very limited. The design capabilities and level of multinational hardware companies and their processing methods are higher than ours. They have advanced design reserves, and we lack both capital and technology. Most Chinese hardware companies have debt management, lack of transformation capabilities, and products are all on the same level. Therefore, the development of hardware companies is difficult, often forced by helplessness, into the price war.
Multinational corporations have established a modern enterprise system with clear property rights and are operational. Our traditional hardware manufacturing companies, even though they are listed, may have a strange circle. The hardware companies that operate the norm retain more or less the traces and imprints under the traditional management mechanism because they are all born under the traditional mechanism. of. Such mechanisms and traces restrict the exertion of competitiveness.
Many people in the country believe that foreigners do not understand the Chinese market. In fact, foreign manufacturers will use high salaries to solicit local talent from China, willing to pay for information. The service is very standard, not only not affixed money, but also profitability, using economic means to promote their service standards. The establishment of effective information channels and rapid reaction of the decision-making pipeline, and China's hardware response to market supply, often lags behind, we often lack of decision-making and delay in business opportunities. Foreign hardware manufacturers take the laws of the host country as the yardstick and never engage in a promise competition.
Products include manual and power tools, automotive diagnostic and repair equipment, diagnostic technology and related products, widely used in automotive, aerospace and other commercial areas. The hardware tool market in the United States has a market capacity of US$40 billion. China's hardware exports account for only a few percent of the total amount. Expanding overseas markets is just the beginning. It is necessary to go global and lack the talents and trade experience of transnational elites. The demand of the Chinese market itself has been increasing. Many foreign companies have come to China to produce. What they value more is the Chinese hardware market.
Chinese hardware companies have a high degree of familiarity with languages ​​and markets, and they also have a relatively good understanding of cultural needs. Therefore, it is more likely to establish their own brands. Foreign hardware companies that have entered China are internationally renowned multinational companies. They have good reputation and can provide users with quality products and perfect services. However, the domestic hardware market is undergoing a transformation. The traditional large-scale commercial economic unions, trade associations, Hualian systems and cross-border systems are all economic associations, waste of resources, and high marketing costs for companies. Most of the Chinese hardware manufacturers mainly focus on the domestic hardware market.
We will coexist with them for a long time, which undoubtedly poses absolute challenges and pressures for Chinese hardware companies. There are still many gaps between the domestic hardware market and the international hardware market. With China's accession to the WTO, China's hardware industry has achieved an important position in the world. China's hardware companies have taken a place in the world and are on the same footing with global hardware companies. Many world-renowned hardware companies have entered the Chinese hardware market.
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