So far, China's various types of fasteners more than 7,000 manufacturers. From the export value, foreign-funded enterprises still dominate. In the export figures, a large part of the products from the joint venture automobile fastener manufacturers in the Mainland production base.
These conditions bring uncertain factors to the future export of fasteners. On the one hand, most of the profits from fastener exports fall into the pockets of multinational corporations. On the other hand, our country will suffer more and more in the global market Pressure, foreign countries can always raise the anti-dumping "stick", the Chinese fastener exports "blocked."
In recent years, multinational companies from the United States, Japan, South Korea, India and Germany have successively set up factories in China. Nearly 100 fastener factories in Hong Kong have been relocated or newly built in Shenzhen and Dongguan, followed by Taiwan's auto fastener manufacturers, which will promote and enhance the overall level of the automotive fastener industry.