Machinery Resources Directory
China Fastener Manufacturers is becoming larger than ever
A fastener is a hardware device that mechanically joins objects together. In this Industry, China has always been part of world's largest manufacturer base and major exporters. According to a recent report, China Manufacturers have contributed an annual fastener output of 7.2 million tons in 2014 which nearly make up half of the world's total volume.
Based on the Industry analysis, China has seen the future market share, specially at the moment of the EU plummet which is from 26 percent in 2008 to a half of one percent in 2014. China Manufacturers are moving quickly. Besides, the WTO ruling will also benifit the Chinese fastener industry. The bloc's anti-dumping measures are announced which could influence more than one-thousand China Manufacturers and ten-thousand workers in the companies affected.
The ministry from China government also adds that the case helps to clarify some of the WTO's terms and rules, and will largely improve the environment for China Manufacturers when dealing with EU anti-dumping cases.