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2020-12-17 14:45

How do Chinese electronic enterprises respond to the financial crisis?

Author:匿名 Source:
How do Chinese electronic enterprises respond to the financial crisis?

The global financial crisis has affected the world's real economy and international trade, and has also had a significant impact on China's economy, mainly manifested in a significant reduction in foreign trade exports. The Chinese economy performed well in the first quarter compared to the bleak world economy, but it cannot be said lightly that the Chinese economy has begun to recover. At present, the employment situation in China is still very severe, the willingness of private investment is still not strong, the survival difficulties of small and medium-sized enterprises have not fundamentally improved, and electronic enterprises are still under crisis pressure. 

In order to cope with the current financial crisis, many electronic enterprises in China have taken the following clever measures. 

The current Chinese market has become a market with great potential in the world, with a large capacity. Especially to expand domestic demand, the central government has invested 4 trillion yuan and proposed ten measures to expand domestic demand. This provides conditions for China's small and medium-sized foreign trade enterprises (including electronic small and medium-sized foreign trade enterprises) to shift to the domestic market. Many small and medium-sized electronic foreign trade enterprises in our country that have encountered temporary difficulties in exporting quickly adjust their business direction, adjust their product structure, and produce a large number of electronic products needed by the domestic market. For example, consumer electronics production enterprises and mobile phone manufacturers have shifted to the domestic market in large quantities; In addition, the current movement of electronic products going to rural areas has played a significant role in alleviating the crisis of small and medium-sized enterprises; At the same time, there were also activities to convert foreign trade products into domestic sales. 

Under the current financial crisis, the world economy is in a slump and the foreign trade situation is severe, which has added numerous difficulties for Chinese electronic enterprises to explore international markets. But in the face of difficulties, one will show their true heroism. The more difficulties we face, the more we move forward. Facing them is the true nature of Huawei Group, which has undergone 30 years of reform and opening up and has weathered the storms in the world market. Huawei Group dared to confront challenges and, relying on its economic and technological strength, as well as its talent and wisdom, bravely entered the US market under the difficult conditions of the financial crisis. 

Entering the US telecommunications market has always been Huawei's goal, as the US market is the mainstream global market, with most of the largest buyers of telecommunications equipment concentrated in North America. The annual procurement volume of telecommunications equipment in this market is half of the global telecommunications expenditure. Although this mature market is difficult to penetrate, now is the best time to break through the US market. The reason is that veteran equipment manufacturers have been severely weakened by the financial crisis, and in a situation where everyone is short of money, Huawei's low price advantage appears attractive. 

Chinese electronic enterprises should improve their comprehensive strength, constantly strive for progress, and use technological innovation methods for development.