Beijing/PR China (AIT) – Demand for insulated wire and cable in China is forecast to increase 13.1 percent annually through 2011 to Yen 335 billion. Gains will be fueled by strong gross fixed investment in power grid, telecommunication and building construction, as well as by further increases in production of products that incorporate insulated wire and cable. In order to accommodate the needs of the rapidly expanding industrial sector and to provide a solid foundation for continued economic development, the Chinese government is focusing on expanding and modernising the country’s utility facilities, including power grids and telecommunication networks. This is providing significant opportunities for power, electronic and telephone wire, and fiber optic cable suppliers.
A favorable outlook for construction expenditures will also help stimulate advances in building wire and cable. Increasing shipments of key end-use products such as electrical, electronic and transportation equipment will fuel demand for apparatus, electronic and automobile wire and cable. Power wire and cable is expected to remain the largest product segment and post the fastest growth through 2011. Government efforts to improve China’s power grid will be the principal driver of demand for power wire and cable. For example, China plans to have established a backbone network of ultra-high voltage power transmission by 2020. Fiber optic cable and electronic wire will also see favorable opportunities through 2011 as the country increases its telecommunications, computer networking and data communication capabilities.

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