China is the center of the global manufacturing industry and a major manufacturing country in the hardware casting and mold industry. After years of development, the domestic hardware casting and mold industry market is prosperous and developed. However, high-end products in the market still have significant defects, and there is a considerable distance between them and world-class products in terms of quality, roughness, accuracy, and structure.

China's mold manufacturing industry has experienced years of development, and the production cycle of the mold industry is higher than the international level, but the product level is relatively low. This is mainly due to the accuracy of the casting mold, surface roughness of the mold cavity, service life, and structure. At present, the proportion and level of technical personnel in China's casting and mold enterprises are low, and they do not attach importance to product development, often in a passive position in the market.

With the sustained growth of China's economy, the casting industry will maintain high-speed growth and drive the development of the casting mold manufacturing industry. The casting mold market is exceptionally active. Due to the low production cost of molds in China, with the improvement of mold manufacturing technology and quality. Not only can it reduce the import of molds, but it is also possible to gradually open up foreign markets, and mold exports will have great development.

Under the policy of reform and opening up, small and medium-sized private casting and mold enterprises in China have grown vigorously like mushrooms after rain. With the spring breeze of reform and opening up, small and medium-sized casting and mold enterprises in China have achieved full development, and the stage for private enterprises is getting bigger and bigger.

With the development of small and medium-sized private enterprises in China, their contribution to society is becoming increasingly prominent. In terms of profits and taxes, the various taxes paid by small and medium-sized enterprises nationwide have become the backbone of local finance. China's casting and mold enterprises are also an important member of these small and medium-sized enterprises, contributing a considerable amount of profits and taxes to our country.

The current economic downturn is temporary and phased. China's large-scale industrial upgrading and technological transformation are far from over, and there is still huge market demand for large-scale high-end equipment in the future. The equipment manufacturing industry will usher in new and greater development opportunities.