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Houdong Town Industrial Park, Jimo Qingdao, Shandong, China

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China's fasteners will continue to grow throughout the world

Since the "tenth five" fastener industry planning, the advanced degree of enterprise production technology is an important guarantee for the core competitiveness of the enterprise, which has led to the prosperity of the fastener manufacturing industry.Beijing, Shanghai, Ningbo and Chongqing each year's fasteners fair attracts people from all over the world, and has also activated most of the international well-known enterprises to set up wholly owned and joint ventures in China.Because our country is vast and numerous enterprises, the market is infinite, there are a lot of enterprises have not wake up, in a relatively backward state, once they realize the significance to enterprise's update equipment, after the capital accumulated to a certain degree, is bound to be into the boom of reformation.As a result, the current trend of buying new equipment in the fastener industry is in the ascendant, which is expected to last three to five years.

After more than 20 years of reform and opening up, China's fastener industry has achieved remarkable results.In 2006, China's fastener industry grew at an average annual rate of 14 percent, fastener exports increased by more than 30 percent, and China's fastener production was the first in the world for many years.China's fasteners are also climbing the value chain of the global division of labor.China fastener products have been all over the world, from Europe and the United States developed countries to developing countries of Asia, Africa and Latin America, everywhere can see "made in China" fasteners, double-digit growth rates for years to come.