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Fasteners growth slows down

By , 2008-03-08 12:00:00

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Since the beginning of this year, China's energy consumption has made positive progress, but the task is still arduous, in the first quarter, six major energy-consuming sectors' average growth rate is 20.6%, this also creates a nationwide power generation grew of 15.5%. The blind development phenomenon of high energy-consuming industries rise again, our energy-saving situation is very grim, so, A new Energy Saving Action will accelerate comprehensively recently.
   According to the news concerned fastener industry investment Declined 2.5% in the first quarter of 2007. This is the first drop since the last few years; it is also a landmark node after the rapid growth in investment in Chinese fasteners industry. Fasteners industries appeared a drop in investment, which indicates that Fasteners enterprises will enter a balanced development stage. From the year of 2000 to 2006, Chinese fasteners industry rapidly developed at the speed of an annual growth rate of 15%--18%. But the steady growth in the future will still maintain this level, and this is directly related to the domestic steel consumption levels, the rapid growth of the automobile industry and the upgrading the consumption structure. Specifically, "investment will slow down" this year and the next year, but there will be a steady growth period.
   In the first four months of this year, China's car sales will reach 2.6 million. In order to seize car fastener market, many key enterprises switched to automobile fasteners. Some high-strength fasteners are too dependent on foreign imports; this resulted in some small and medium enterprises to obtain more Fasteners market share, the market for other vehicles, machinery, mechanical parts begins to hot sellers with ¡Ý 8.8 fastenings. This is because of the exist of China¡¯s high growth in energy demand, energy inefficient use of a widespread phenomenon, a lot of development zones attract businesses and investment, the development of the processing trade, encouraging exports, with low energy prices and labor for economic growth, resources were predatory and destructive exploitation, these all lead to the increase serious waste of resources and environmental pollution.
   In recent years, a large number of fastener products export to other countries; it resulted in increasing the internal resources, energy, transport capacity and environment pressure.
   All the signs indicate that blind fasteners enterprise risk "to hold them"; we should pay close attention to this.

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