Describe the future development of fasteners in China

Update:21-12-2017
Summary:

As China has a vast territory, numerous enterprises and […]

As China has a vast territory, numerous enterprises and an unlimited market, many enterprises have yet to wake up and are in a relatively backward state. Once they have realized the importance of updating equipment to the enterprises, they will inevitably devote themselves to technological upgrading after they have accumulated a certain amount of funds Come in. As a result, the current trend of large purchases of new equipment in the fastener industry is in the ascendant and it is estimated that this trend will continue for 3 to 5 years. Expansion screws are common terms of fasteners, everyday spoken language. Expansion screws in China's development trend:
Fastener industry from the "10th Five-Year Plan" proposed that the advanced level of production technology is an important guarantee for the core competitiveness of enterprises, which led to the thriving fastener manufacturing industry. Fastener Expo, which is held annually in Beijing, Shanghai, Ningbo and Chongqing, attracts all the people in the world and has also activated most of the internationally renowned enterprises to set up sole proprietorship and joint ventures in China.
After more than 20 years of reform and opening up, China's fastener industry has achieved remarkable success. In 2006, China's fastener industry average annual growth rate of 14%, exports of fasteners increased by more than 30%, China fastener production over the years ranked first in the world. China's fastener manufacturing position in the global division of labor is also rising. Fastener products in China have spread all over the world. From the developed countries in Europe and the United States to the developing countries in Asia, Africa and Latin America, "made in China" fasteners can be seen everywhere. The double-digit growth rate has been maintained for many years.