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Throughout the years, China's stainless steel retaining ring industry has mainly focused on the mid to low end market, with high-end stainless steel retaining ring products mainly relying on exports. Developing high-end stainless steel retaining rings is not impossible, but supporting the high-end stainless steel retaining ring market not only requires a stable consumer group, but also a good socio-economic environment. China is a developing country with a weak socio-economic foundation, making it difficult for high-end stainless steel retaining ring manufacturers to have a fertile ground for growth. They may have been stifled in the "cradle" before taking shape. However, at present, China's economy is in a period of reform, and people's living standards are gradually improving. Although it is not as high as developed countries, it is enough to demonstrate astonishing potential.
Faced with the new situation of economic development, major stainless steel retaining ring manufacturers need to adhere to technology as the support, quality as the guarantee, and take transformation and upgrading, innovative development as the main theme of current development, using innovation to solve problems and difficulties in development. If the enterprise determines the idea of transforming from manufacturing to creation and from manufacturing to high-end service industry, it needs to actively carry out all staff scientific and technological innovation activities based on rationalization suggestions from grassroots employees during the transformation process, and create a culture and atmosphere where everyone is an innovator. Building a learning organization based on practice, promoting technological innovation and cross-border technological innovation, and providing the driving force for enterprise development.
The industry reshuffle is accelerating, and the stainless steel retaining ring industry is no exception. Some small and medium-sized stainless steel retaining ring manufacturers will face severe challenges. The market rule of survival of the fittest is cruel. To achieve innovative reform and new development in the new environment is a problem that the stainless steel retaining ring industry needs to explore.
