News
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Fastener branch of China Machinery General Parts industry Association solemnly declare
On February 16, 2022, the EU finally decided to take anti-dumping measures against steel fastener products from China. China’s fastener industry expressed the strongest protest and firm opposition to this. As is known to all, the EU is one of the major markets for China’s fastener e...Read more -
Strive to solve the siege of standard parts industry and air pollution, achieve “seven reductions, one reduction and one increase” in air quality throughout the year.
“In 2021, the average annual concentration of six major pollutants, including PM2.5, PM10, sulfur dioxide, nitrogen dioxide, carbon monoxide and ozone, and the air quality composite index in Yongnian District of Handan City, Hebei Province, will all decrease year on year. The number of heav...Read more -
Global bolts market to hit $81.1 billion by 2030
Continued projects and development in the construction and manufacturing industries are driving the growth of the global bolts market. According to a new report from Allied Market Research, the global bolts sector generated $46.8 billion in 2020, and is anticipated to generate $81.1 billion by 20...Read more -
China remains Germany’s most important trading partner in 2021
For the sixth year in a row, China was Germany’s most important trading partner in 2021, the Federal Statistical Office (Destatis) said on Friday. Total foreign trade revenues between Germany and China increased by 15.1 percent year-on-year, as goods worth 245.4 billion euros (279.1 billion...Read more -
China boosts support for export credit insurance
China is moving to step up support for export credit insurance as part of its efforts to spur the stable growth of foreign trade. Regulators should guide enterprises to make full use of export credit insurance policy tools and give full play to the role of export credit insurance in risk protecti...Read more -
Fastener Distributor Index Hits 14-Month Low as Outlook Grows Continuously Less Rosy
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China’s steel sector aims for high-quality growth
China’s steel industry aims to achieve a high-quality growth featuring more advanced technology and equipment, stable resources supply, higher level of intelligence, enhanced global competitiveness and reduced emissions by 2025. These were major goals set in a development guideline jointly ...Read more -
China’s coastal city Xiamen sees robust growth in foreign trade
Foreign trade in goods in Xiamen, a coastal city in east China, reached 887.65 billion yuan (about 140 billion U.S. dollars), up 27.7 percent year on year, according to Xiamen Customs. Combined exports amounted to 430.7 billion yuan and imports 456.9 billion yuan, respectively rising 20.6 percent...Read more -
Shanghai’s foreign trade hits record high in 2021
Shanghai’s foreign trade hit a record high of 4.06 trillion yuan (about 640 billion U.S. dollars) in 2021, with a robust year-on-year increase of 16.5 percent, data from Shanghai Customs showed Monday. Last year, the metropolis in eastern China saw exports rise 14.6 percent year on year to ...Read more -
Economic Watch: China’s industrial profits rebound in 2021 as production improves
Profits of China’s major industrial firms surged 34.3 percent year on year in 2021 as industrial production recovered and profit margin improved, official data showed on Thursday. Industrial firms with annual business revenues of at least 20 million yuan (about 3.16 million U.S. dollars) sa...Read more -
China’s trade surplus at 384.7 billion yuan in December
China’s international goods and services trade surplus stood at 384.7 billion yuan in December last year, showed official data Friday. In dollar terms, the figure reached 60.4 billion U.S. dollars last month, said data released by the State Administration of Foreign Exchange. The country...Read more -
Chongqing’s foreign trade up 22.8 pct in 2021
Southwest China’s Chongqing Municipality saw its foreign trade exceeding 800 billion yuan (about 125.8 billion U.S. dollars) in 2021, an increase of 22.8 percent from the previous year, the city’s customs authorities said Monday. Chongqing’s foreign trade has maintained double-d...Read more