The tempered vacuum glass industry is subject to the current domestic economic cycle model and can be analyzed primarily using the "investment clock" model (a very useful tool for guiding the investment cycle developed by Trevor Greetham, Senior Director of Global Asset Management at Merrill Lynch in 2004). In the context of the tempered vacuum glass industry, the model reveals the following principles of economic volatility: When inflation lags behind sustainable economic growth rates, indicating excess capacity, the government will take active steps to stimulate the economy, reduce costs and promote recovery; if inflation exceeds sustainable economic growth rates, this will prove that there is no excess capacity in the economy. The government will adopt relevant policies to curb the economy, cool the economy and adjust the development process of the tempered vacuum glass industry.

The main strengths of China's economic development that are currently closely linked to the tempered vacuum glass industry include:

1. Stable socio-political environment, increasing openness to the outside world and accelerating the process of integration into the rules of international economic operation.

2. Relatively low labor costs and high quality labor resources in the tempered vacuum glass industry.

3. The stable basis of RMB exchange rate is conducive to the stable development of the tempered vacuum glass industry.

At the same time, the domestic outstanding economic problems on the tempered vacuum glass industry.

• The economic structure is not reasonable enough, and some deep-rooted conflicts in enterprise reform have not been solved.
• The unreasonable and prominent industrial and consumption structures.

Affected by the epidemic, the upstream and downstream groups in the tempered vacuum glass industry are still under great pressure of layoffs and unemployment, and due to the pressure of social security and employment issues, most urban and rural residents have stalled in upgrading their consumption structure. The latter two factors greatly limit the expansion of domestic demand, but the government's efforts to address these major issues are still increasing. This is the fundamental guarantee that China's economic situation will continue to strengthen and have a positive impact on the tempered vacuum glass industry.

Development Environment Analysis of Tempered Vacuum Glass industry in 2022

The environment of the tempered vacuum glass industry continues to improve, and new market players continue to emerge. According to the National Bureau of Statistics, China's gross domestic product (GDP) grew by 8.1% over the previous year, with an average growth of 5.1% in two years, ranking top among the world's major economies. The size of the economy exceeded 110 trillion yuan, reaching 114.4 trillion yuan, firmly placing it as the second largest economy in the world. Per capita GDP exceeded 80,000 yuan. 2021 China's per capita GDP reached 80,976 yuan, or $12,551 at the average annual exchange rate, exceeding the world's per capita GDP level. During this period, the tempered vacuum glass industry has developed steadily and maintained growth. 2021 new tax and fee reductions and the inauguration of the Beijing Stock Exchange also opened up a new world of direct financing for enterprises related to the tempered vacuum glass industry. The unbalanced and inadequate development under the impact of the epidemic has been highlighted, and the domestic strategy of actively expanding domestic demand and vigorously promoting the structural reform on the supply side have made new progress in the structural adjustment and transformation and upgrading of the tempered vacuum glass industry. The national resident Engel coefficient of 29.8%, down 0.4 percentage points from the previous year, the contribution of domestic demand to business growth dominated, the consumption structure continues to upgrade, the demand structure of the tempered vacuum glass industry also continued to improve with it.

Analysis of the Impact of the International Situation on the Development of the Tempered Vacuum Glass Industry

After the Russia-Ukraine conflict, global commodity prices rose across the board, and oil prices exceeded one hundred U.S. dollars for the first time in nearly eight years, indirectly leading to rising operating costs in the tempered vacuum glass industry. And the global high expansion pressure also rose rapidly with the oil price. The next few years in the toughened vacuum glass industry industry chain upstream and downstream enterprises will face greater pressure. At the same time affected by the epidemic to see the world economy struggling to recover, the global production and supply cycle is not good, around the tempered vacuum glass industry is also actively promoting the construction of new development ideas. Although a comprehensive view, domestic development is facing demand contraction, supply shock, is expected to turn weak and other pressures, but the long-term positive fundamentals of the tempered vacuum glass industry has not changed, the development of good resilience, full potential, space characteristics have not changed.

Economic Structure Analysis of the Tempered Vacuum Glass Industry

First, the degree of marketization of the tempered vacuum glass industry is gradually improved. From the upstream supply to the input market is completely configured by the market; mergers, bankruptcies and reorganizations are often realized between enterprises through the capital market; the industrial layout shows the trend of concentration of resources (capital, technology, talents), and the role of industry associations gradually shows advantages.

Second, the toughened vacuum glass industry industry supporting close. From the industry structure, China's tempered vacuum glass industry has many sub-industries, the industrial chain system is relatively complete; from the industrial distribution, large enterprises are concentrated in key cities, while small and medium-sized enterprises in the county, town, township, forming industrial clusters, basically forming a coordinated pattern of supporting each other.

Third, domestic demand is the main pull. With the rapid growth of the national economy and the increase in disposable income of residents, domestic demand for tempered vacuum glass industry has greater room for growth, will continue to be the main driving force behind the development of the industry.