Weihai World Fishing Tackle Center, Shandong

Due to outstanding production capacity, it was selected by Japanese foreign traders as a low-cost fishing gear production replacement center. It unexpectedly had great development potential, later driving down global fishing gear prices in an intense competition. As everyone knows, China has a large population, so labor costs are very low (meaning: even at extremely low wages, there's always someone willing to do the work). Winning that competition made it the world's number one. The entire industry chain now has an annual output value exceeding 5 billion RMB. Chinese people really know how to compete fiercely. Cangzhou + Pinduoduo captured a large portion of low-end sales.

Of course, the core material—carbon fiber R&D—was also essential. Guangwei, determined to break free from raw material dependence, invested everything and succeeded in developing the material.

Annual Output Value Surpassing 5 Billion: This City Has the Global Anglers Hooked