Contact Person : allen fang
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October 29, 2020
In the fall season of 2013, Chinese President Xi Jinping proposed for the first time the two major initiatives "Silk Road Economic Belt" and the "21st Century Maritime Silk Road", known as the "One Belt and One Road", which the international community honor as: "New Concept of China's Diplomacy."
This policy brings both challenges and opportunities to road marking paint manufacturers.
Opportunities: "One Belt and One Road" will drive the market demand for road marking paint. First of all, the first focus of the initiative is infrastructure construction. Due to fiscal constraints, countries along the "One Belt and One Road" are underinvested in infrastructure and their per capita GDP, per capita road mileage, per capita railway mileage and other indicators are much lower than those in China.Asian and African countries along the route have 10% and 20% more room for urbanization than China, and China’s accumulated experience, product, and service in its own process of urbanization can be exported.
Challenges: China's road marking paint industry started late,having a weak foundation. Besides, the industry is faced with differences in regional politics and cultures."One Belt and One Road" provides a key opportunity for the transformation and development of China's paint industry and bring a second light to China's hot melt marking paint manufacturers. We---GZ LUHU Traffic Facilities Co.,Ltd. has already tasted sweetness brought by "One Belt and One Road".