Recently, the 24th China National Fastener Economic and Trade and Technology Fair was held in Hefei, Anhui. This fair has attracted national, collective, private, foreign and joint-venture fastener manufacturers and distributors across the country. More than 500 people participated in the industry, such as demand-side units.

In the report of the conference, Chairman of the Fastener Branch of China National General Machinery & Components Industry Association, Feng Jinlu, made a report on the status of China's fastener industry. He pointed out in his report that 2010 is the year when China’s “Eleventh Five-Year Plan” ended. Fastener companies, under the guidance of the “Restructuring Plan for the Machinery Basic Parts Industry”, have taken the emerging industry as a support to seize the domestic sales market, emerged from the trough in 2009, and steadily increased, maintaining a healthy and stable development. However, there are still weaknesses in China's fastener market, such as the decentralization of micro-enterprises, low value-added products, excess production capacity, dumping of reserve prices, unregulated markets, and weak corporate competitiveness.

In the first half of 2011, GPT maintained a growth rate of 9.5%, which is also the domestic and export market for fasteners, despite the difficulties we face in working hard, high labor costs, tight energy sources, volatile material prices, inflation, and instability in the world economy. It has increased certain development opportunities and generally maintained relatively stable development. However, in the second half of 2011, inflation, the sharp increase in key industries, the tightening of monetary resources, and the economic downturn in Europe and the United States have made the fastener industry even more vulnerable.

Faced with severe challenges and challenges, President Feng Jinzhao emphasized that companies should have sufficient understanding and psychological preparation. In response, he proposed countermeasures to deal with new difficulties and new challenges:

â–¡ To insist on development is the last resort, and intensify restructuring, acquisitions, and adjustment efforts in difficult situations.

â–¡ Depending on the industry to develop high-performance, high-intensity, high-value-added products.

â–¡ Give full play to the advantages of independent innovation of enterprises, vigorously develop information technology and high-tech applications, and increase the level of manufacturing and labor productivity.

â–¡ Based on the domestic market, promote dislocation competition, standardize market order, oppose and stop the price dumping, continuously adjust product prices in practice, adapt the price of fastener products to the production cost, adapt to the international market, and match the brand and quality. adapt.

â–¡ Accelerate the withdrawal of funds, strictly control the scale of loans and investments, and pay more attention to controlling cash flow.

â–¡ We must pay attention to the changes in the European and American markets and actively respond to various trade protection measures to stabilize the export market.

Chairman Feng's speech made a deep reflection on the development prospects of our country's fastener industry. As an industry media, the Chinese screw network has benefited a lot and felt deeply that the industry's development will face more difficulties and roadblocks, but just as President Feng said that we must inspire our spirit, insist on development as the mainstream, overcome challenges, and finally win!