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it is worth noting that this is not a simple smooth sailing. in recent years, changes in the global economy and geopolitical factors have had a complex impact on the midstream manufacturing industry. for example, the fed's rate cuts and changes in expectations on the demand side, as well as the continued rise in trade protectionism, have also had an important impact on the development prospects of the midstream manufacturing industry.

however, in the face of these challenges, some companies have succeeded in adversity. for example, avionics holdings has actively expanded its overseas market with its strong international capabilities, and driven by the "old for new" policy, its domestic and overseas business scale has further expanded. companies such as shenghong technology and china molybdenum have also steadily expanded their overseas markets with their own technological strengths and product advantages, and have reaped significant returns.

some companies choose to cope with competitive pressure through technological innovation and product differentiation. for example, byd has achieved great success worldwide with its leading position in electric vehicle technology and has become one of the representative companies of china's manufacturing industry. fuyao glass and ping an securities are also actively expanding overseas markets with their own advantages.

the logic of "big market growth" and "big market re-growth" will continue to drive the future development of midstream manufacturing. from the perspective of industrial upgrading, going overseas also means that companies need to continuously improve their own technical level and adapt to the global market environment.