The modern fastener industry sees a huge upgrading space for current technology, which, in turn,can bring about rapid development. This is reflected in two factors. On the one hand, the
development of modern economy puts forward lots of higher standards to fastener manufacturing , such as emission reduction, energy cutting and higher capacity, etc. On the other hand, the mass production offers strong support for the equipment upgrading and technology advancement of the fastener industry. Beginning from July, the reduction of exporting rebate tax has affected domestic fastener enterprises greatly, imposing new challenges on Chinese fastener industry, which can be seen as an invisible force for the industry to innovate.

Fastener industry entering macro- innovating period

The new "innovation atmosphere" marked by the transition from low-end and low-profile fastener products to mid/high-end and high-profile products, plus the innovation activities in the macro level of extending and deepening can be helpful to domestic industry. First, it is conducive to the forming of systematic innovation project and making breakthrough in hi-end products, which, in turn, can make the foundation for innovative ideology and strategy of Chinese fastener industry. Second, it helps to put some new inventions into use in many fastener enterprises, promoting the fastener industry to a creative one featured with characteristic of our times.

Establish the new innovative system of fastener industry

For the establishment of the new innovative system, the mechanism innovation is important, which is a prerequisite for the improvement in the all-round structure and quality of domestic fastener industry. In addition, the strategy innovation, reflected as the way in which the innovation of the fastener industry must aim at industrialization, is also crucial. In this special timing, each fastener enterprise must make its own direction, just to fulfill the anticipated results of innovation.

In the terms of economic and social development, the innovation system must give the ideologies of sustainable development and "Green Manufactured" a full play. In the terms of equipment, the equipment manufacturing industry is the kind that has substantial influence on the fastener products.

According to some experts, China will still be the global largest market for fasteners, with its fastener industry still being in the period of stable and rapid development. What's more, riding the wave of globalization acceleration, our domestic fastener enterprises can go overseas for a larger market. All this together, the advantages of Chinese fastener market are incomparable to any other countries, and the development will be due to continue. In view of this, reinforcing the ability and level of self-innovation in Chinese fastener industry by actively grasping the opportunity to take advantages to make for the disparity is top of the agenda for domestic fastener industry.