The main target of foreign acquisition is special cable companies


A few years ago, the Southern Cable Network once published a manuscript of "The World Cables Fired Strongly and Burned to China", and I still feel very much impressed.

The manuscript said: European and American cable giants in order to seek world market hegemony, have set up large multinational companies, try to expand their market share, their fierce fire and war has been burned to mainland China. The world's cable powers are active in mainland China, seeking to hunt for objects and waiting for opportunities. A good-end Chinese company changed its boss overnight and changed its banner to become a foreign-funded enterprise.

It now appears that the target of foreign companies to acquire Chinese cable companies is two major areas of special cables and ultra-high voltage power cables, especially special cables. As the investment is not large, and the technology is high and effective, it has become the main target of foreign pursuit.

As far as special cables are concerned, this is a wire and cable product that cannot be separated from the development and construction of China's “sea, land and air” fields. China's aerospace, shipbuilding, transportation, power, mineral development and other industrial fields require a large number of special cables. Industrial developed countries have a strong technical base in these products, so it is only natural that they compete for the Chinese market.

However, rethinking what foreign companies have acquired from Chinese companies has brought to China? Is it bringing employment opportunities or bringing economic benefits? China's wire and cable industry is being eaten by foreign investors. A large number of promising companies, either products, markets or technologies, are being seen by foreign powers. The companies that are acquired by foreign companies are doing well, and they are also the enterprises of others. The local government can only charge a small amount of tax revenue. And we are still talking about it, and its name is in line with international standards.

The consequences of this kind of war burning to China can only hurt the national wire and cable industry, and is not conducive to the development of the national wire and cable industry. Those brands that have been acquired by foreign companies, and the various achievements and achievements they have achieved are not Chinese, they are all people. We trade the market for technology, and lose the market, in exchange for fierce market competition, not what advanced technology.

The real purpose of foreign cable powers to acquire cable companies in China is not to want to develop any business in China, but a brutal war to compete for and divide the Chinese market, and our national cable industry has become a victim of this war.
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