With the deepening of globalization, regional economic cooperation has gradually become an important means for countries to promote local industrial development. This trend is also increasingly evident in its impact on the stainless steel forgings industry, and this article will provide evidence based on national policy information and case studies.
China is known to play an important role in international trade. Strengthening regional economic cooperation has become a key measure in China’s supply-side reform. Taking the Guangdong-Hong Kong-Macao Greater Bay Area as an example, this region attracts a large number of manufacturing and high-tech enterprises, forming strong manufacturing and technological innovation capabilities. In this context, industries such as stainless steel forgings have also experienced rapid development. According to data from the National Bureau of Statistics, in 2019, the main business income of the stainless steel forgings industry in Guangdong Province reached 30 billion yuan, a year-on-year increase of about 12%. This fully demonstrates the positive impact of regional economic cooperation on the stainless steel forgings industry.
In addition, global trade liberalization and digital transformation are also factors that cannot be ignored in the impact of the stainless steel forgings industry. Regarding trade liberalization, as we all know, the World Trade Organization (WTO) promotes the gradual reduction or elimination of tariffs worldwide, which benefits the expansion of cross-border trade and meets the global market demand for high-end parts such as stainless steel forgings. In terms of digital transformation, the application of intelligent manufacturing and industrial internet technology also brings new opportunities to industries such as stainless steel forgings. For example, the Chinese government has proposed the “Made in China 2025” plan, which focuses on promoting the application of industrial internet technology in manufacturing, with a focus on high-precision, high-reliability, and high-complexity industries such as aerospace, rail transit, and so on. Therefore, the stainless steel forgings industry will also gradually achieve high-quality development with the promotion of global trends.
In summary, driven by regional economic cooperation and the trend of globalization, the stainless steel forgings industry is in a period of rapid development. By strengthening cooperation and collaboration, countries can jointly promote the innovation and development of related industries, and promote the prosperity and stability of the global economy.
