Fasteners must be mentally prepared to face serious challenges

In the second half of 2011, due to inflation, the sharp decline in key industries, the tightening of monetary policy, and the economic downturn in Europe and the United States, China's fastener industry suffered a great impact after a steady development in the first half of the year.
According to the "China Fastener Industry Situation Report", 2010 is the year of China's "Eleventh Five-Year Plan". Under the guidance of the "Mechanical Basic Parts Industry Revitalization Implementation Plan", the fastener enterprises will seize the domestic market based on emerging industries. The market, coming out of the trough in 2009, has risen steadily and maintained a healthy and steady development. However, in general, China's fastener market still has a large disadvantage, such as the micro-enterprises are scattered and scattered, the added value of products, overcapacity, dumping of the bottom price, market irregularities, and weak competitiveness of enterprises.

Faced with severe tests and challenges, relevant people stressed that enterprises in the fastener industry must have sufficient understanding and psychological preparation. First of all, we must increase restructuring, acquisition and strengthening adjustments in the predicament. Rely on the industry and vigorously develop high-performance, high-strength, high value-added products. Give full play to the advantages of independent innovation of enterprises, vigorously develop information technology and high-tech applications, and improve manufacturing levels and labor productivity. Secondly, we must base ourselves on the domestic market, advocate dislocation competition, standardize market order, oppose and stop the dumping of reserve prices, constantly adjust product prices in practice, adapt the price of fastener products to production costs, adapt to the international market, and brand and quality. Adapted. Once again, we must speed up the withdrawal of funds, strictly control the scale of loans and investment, and pay more attention to controlling cash flow. Pay attention to changes in the European and American markets, actively respond to various trade protections, and stabilize export markets.
Http://news.chinawj.com.cn Editor: (Hardware Business Network Information Center) http://news.chinawj.com.cn

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