Establishing Factories Overseas: A New Route for China’s Electricity Meter Industry to Expand International Trade

DOI

10.2991/978-94-6463-542-3_25How to use a DOI?

Keywords

Overseas Factory Establishment; Electricity Meter Industry; Trade Barriers; Belt and Road; Global Supply Chain; Hexing Electrical Co., Ltd; Risk Assessment; Market Research; Development Prospects

Abstract

With the continuous escalation of global trade barriers, China’s electricity meter industry is facing challenges in entering international markets. This paper explores overseas factory establishment as a new approach to addressing these challenges, analyzing its necessity, favorable conditions, benefits, successful cases, reasonable implementation steps, and future prospects. The article points out that trade barriers, including tariff and non-tariff barriers, have caused direct losses to the electricity meter industry and affected the layout of the global supply chain. The “Belt and Road” initiative provides favorable conditions for the overseas factory establishment of China’s electricity meter industry, including strengthening economic and trade exchanges, facilitating logistics, and financial support. Overseas factory establishment can not only effectively avoid trade barriers but also improve the layout of the global supply chain. Hexing Electrical Co., Ltd serves as a successful case, demonstrating how to leverage the “Belt and Road” strategy for overseas market expansion. The paper also discusses the risks and implementation strategies of overseas factory establishment, including factors such as market demand, regulatory policies, technological level, investment costs, and cultural differences. Finally, the article looks forward to the prospects of overseas factory establishment in the electricity meter industry, believing it has good market potential and growth opportunities.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xianyu Feng
AU  - Xueli Feng
AU  - Xianhua Zhang
PY  - 2024
DA  - 2024/10/15
TI  - Establishing Factories Overseas: A New Route for China’s Electricity Meter Industry to Expand International Trade
BT  - Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)
PB  - Atlantis Press
SP  - 183
EP  - 191
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-542-3_25
DO  - 10.2991/978-94-6463-542-3_25
ID  - Feng2024
ER  -