In the past two years, as the RMB has entered appreciation passages, raw material prices have risen, labor costs have increased, and rental prices for land plants have increased, the competitive advantage of low-cost fasteners in China has gradually weakened, and market space has been further squeezed... ... In spite of this, large and small fastener companies are still gearing up for their own sales goals and are trying to compete.

First, modern economic development has placed ever-increasing demands on the manufacture of modern fasteners. The technical level of the fastener industry has a very large room for improvement and has achieved rapid development. From the production of low-end, low-grade fastener products to the middle, high-end, high-end product transition, the formation of an innovative atmosphere and environment, in order to better formulate China's fastener industry innovation ideas and strategies, is conducive to many Fastener companies inject real innovation results, thereby promoting China's fastener industry has become an innovative industry with the characteristics of the times, but China's fastener development technology is blocked, which is also an important reason for the industry's long-term paralysis.

2. China is the world's largest fastener producer. In recent years, China's fastener industry is in a period of rapid development. The level of manufacturing technology has gradually increased, and labor costs are relatively low. The pattern of division of labor in the fastener industry in the world is changing. However, foreign manufacturers have not hesitated to take advantage of dumping and other unfair means to step up their efforts to seize the Chinese domestic market. The domestic fastener industry has been greatly impacted and challenged, and the domestic fastener industry is developing very hard.

Third, the development of the domestic fastener industry in China is seriously hindered. At present, there is a strong demand for domestic fasteners, but due to the exclusion and suppression of domestic manufacturers, domestic fastener companies cannot achieve the expected reasonable profit levels or even long-term losses, and thus cannot upgrade equipment and improve production processes. Domestic fastener companies also have their own constraints on the development of their own, small-scale enterprises, low value-added products, low risk resistance, industrial chain information communication is not timely and so on. External factors and their own internal development bottlenecks have made domestic fastener companies struggle. This has prompted the domestic fastener industry to speed up the process of reshuffling. It is against the tide and is not advancing. China's fastener companies must develop and grow, and must seek a road to change. Actively seek breakthroughs.

It can be seen that the competition in China's fastener industry has become increasingly fierce. The pattern of China's fastener industry is quietly changing, and the future of the fastener industry seems to have become awkward.