Demand for Power Cables during the Twelfth Five-Year Plan

On March 14, the Fourth Session of the Eleventh National People's Congress was concluded. The meeting approved the twelfth five-year plan for national economic and social development.

"Five-second" economic growth rate of 7% is determined, which will bring new development opportunities to the power cable industry. In order to maintain the sustainable development of the national name economy, the national railway plans to invest 822.3 billion yuan in fixed assets, including a capital construction investment of 700 billion yuan. In the next three years, China will start construction of a number of new lines, and the new railway line will be put into production to 26,000 kilometers. The annual investment is also about 700 billion yuan. In urban rail transit, all 30 cities are preparing to build urban rail transit. By 2015, 79 rail transit lines will be built with a total length of 2,259.84 kilometers and a total investment of 828 billion yuan. The total mileage is more than the current investment and under construction. The total mileage is still more. The above-mentioned railway investment and subway construction projects will bring huge orders for the power cable industry, and will become the pillar force supporting the rapid development of the industry in the next few years. The “12th Five-Year” period will further develop the power cable industry.