Because of the continued exodus of foreign capital and the excessive anti-epidemic policies against Covid-19, China’s economy will fall into a protracted period of recession. The recent sudden mandatory stock market rally created just before China’s National Day was meant to revive the economy. But as an authoritarian state with no respect for the market economy and no credibility, it is clear that such an approach will only achieve short-term results.
For the low-voltage electrical automation industry, due to Southeast Asia, India and other third-world countries do not have a mature industrial system can replace China’s role in this field. Therefore, this short-term economic revival will still be favorable for the automation industry to flourish, and Benlong Automation will take advantage of this short-term window to continue to grasp the overseas layout and gain a foothold before the new AI technology revolution.
Post time: Sep-27-2024