As China's export volume of fasteners dramatically increased, resistance against export also increased. Many people are worried that significant drop of China's fasteners in 2007 will lead to greater pressure on the domestic market. In fact, such worries are unnecessary.
1. After long-term development, China has established the world's largest fastener production system with all species and high quality. China's fasteners are both good and cheap; as a result, they have strong overall competitiveness. Known as the world's largest "world factory"-- fastener production base, it will certainly have a large trade volume of fastener export to mach its size. In the coming two to three years, China's fastener exports are expected to exceed 2.5 billion US dollars.
2. In recent years, as the transfer of fastener production capacity relatively reduces in western developed countries, the growth of world economy relies greater on a China's fastener industry.
Thus, China's fattener export will continue to develop in spite of long-exciting trade frictions against China's fasteners as it is difficult to find the alternative sources entirely for fasteners provided by present China market.
Clearly, China has become a big export country of fasteners, which is mainly due to world¡¯s industry restructuring and division in the context of globalization. It is the inevitable long-term trend.
Of course, in the last two years, there were also some problems that can not be overlooked in the course of export fasteners. Some confusion in export order (mainly reflected in excessive growth of export volume, over-centralized export time and export destinations, low price and low production of the high added-value) will lead to some unnecessary frictions and it will be bad for the sustainable and healthy development of fastener export trade.
Therefore, under the present fastener export situation and new changes, it is necessary to establish the import and export of fasteners monitoring and early-warning system, grasping the situation, identifying problems, and putting forward feasible suggestions for relative departments to provide evidence for scientific decisions. With this warning and full research, according to changing trade situation, relative department can effect macro guidance on export volume, product construction, time of China's fasteners by means of tariffs, rate quotas and others.
