Since the EU anti-dumping sanctions, China's auto fastener manufacturers relying solely on export business model is also experiencing a difficult transition: Although China's auto fastener manufacturers to return to the European market, but also began to look into the country.
In January 2009, the EU ruling imposed on China's export fasteners up to 85% of the high anti-dumping import duties. Although the WTO's appellate body's final ruling upheld the legitimate rights and interests of China's fastener industry, China's fastener exporters still face heavy losses.
In this case, the lifeline of auto fastener manufacturers only difficult transition, switch to the domestic Internet market in order to get more vitality. Data show that in 2015 e-commerce transactions in the Chinese market over 1 billion yuan. Growing e-commerce market for China's auto fastener manufacturers is undoubtedly a new opportunity.