According to experts, the current international competitive advantage of the oil pump industry is mainly composed of the following points: first, the low labor cost and raw material price, which in the current international environment of urgent need to save costs, makes China become the focus of attention; Secondly, the gradual improvement of infrastructure provides the possibility of increasing market demand; In addition, the transfer of the world casting oil pump industry center to China and the widespread application of e-commerce has also brought huge business opportunities to China's oil pump industry; In addition, the strong support of relevant national policies should not be ignored.
Relying on the advantageous conditions such as broad and cheap labor and raw materials, China's oil pump industry has maintained a rapid development in recent years. Then it is said that what are the specific factors supporting the rapid development of China's oil pump industry?