The improvement of competitiveness of China’s cemented carbide products is mainly reflected in the following aspects:
- Improvement of technical level: China’s cemented carbide industry has made great progress in scientific and technological research and development, and product performance and quality have continued to improve. For example, some high-end carbide products, such as high-precision, high-stability, and high-wear-resistant carbide cutting tools and tools, have gradually been domestically produced and exported to foreign markets in large quantities.
- Reduction in manufacturing costs: The manufacturing equipment and processing technology of China’s cemented carbide industry have been continuously upgraded, which has improved production efficiency and reduced manufacturing costs, making the prices of China’s cemented carbide products more competitive in the market.
- Expansion of industrial scale: China’s cemented carbide industry has gradually developed towards scale and specialization, forming numerous industrial clusters and leading enterprises. The collaboration and division of labor between these large enterprises and small and medium-sized enterprises have made China’s cemented carbide industry more competitive.
- Adapt to changes in market demand: China’s cemented carbide industry is closer to market demand in terms of market research and product development, and continues to launch personalized products that meet customer needs, thereby increasing market share.
To sum up, the improvement in the competitiveness of China’s cemented carbide products is the result of a combination of factors, including improvements in technology, reductions in manufacturing costs, expansion of industrial scale, and adaptation to changes in market demand. The combined effect of these factors has continuously improved the competitiveness of China’s cemented carbide products in domestic and foreign markets.
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