Abstract: China's fasteners have attracted worldwide attention. While surprised the developed countries, they have also allowed them to discover a new type of big market. Multinational companies have come alive. When domestic companies suddenly feel that the market has survived such hard times, powerful competitors have blossomed.
According to statistics from the China Fastener Association, most of the products exported by China’s fastener companies are low-grade products with low technological content, and they mainly rely on low-price competitive advantages to enter the international market. Under the premise of not knowing the target export market, we will blindly export products to concentrate on a few markets, fight for low price wars, and seize market share. If there is no core technology, from the perspective of the world's division of labor, China's fastener companies may increasingly work at the lowest value chain, and the highest value chain is occupied by others. The weight of fasteners we create and the value of the fasteners we create will grow.
On the one hand, in the domestic market competition, more and more multinational companies have accelerated their entry into China. After adjusting its strategy for China, with its own technological advantages, it has seized more and more market share in the Chinese market. This has made domestic fastener companies face greater competitive pressures and increasingly harsh living conditions. . In this case, the investigation and prosecution of anti-dumping will easily fall on China's fastener companies.
The other challenge comes from the international market. The low cost makes Chinese fastener enterprises appear disorderly in the export process. The direct consequence is that cases involving anti-dumping of Chinese fastener companies have gradually emerged in the past two years, and once the company loses the lawsuit, it is discriminatory and extremely high anti-dumping. The tax rate will lose the cost-price advantage of Chinese products.
According to statistics from the China Fastener Association, most of the products exported by China’s fastener companies are low-grade products with low technological content, and they mainly rely on low-price competitive advantages to enter the international market. Under the premise of not knowing the target export market, we will blindly export products to concentrate on a few markets, fight for low price wars, and seize market share. If there is no core technology, from the perspective of the world's division of labor, China's fastener companies may increasingly work at the lowest value chain, and the highest value chain is occupied by others. The weight of fasteners we create and the value of the fasteners we create will grow.
On the one hand, in the domestic market competition, more and more multinational companies have accelerated their entry into China. After adjusting its strategy for China, with its own technological advantages, it has seized more and more market share in the Chinese market. This has made domestic fastener companies face greater competitive pressures and increasingly harsh living conditions. . In this case, the investigation and prosecution of anti-dumping will easily fall on China's fastener companies.
The other challenge comes from the international market. The low cost makes Chinese fastener enterprises appear disorderly in the export process. The direct consequence is that cases involving anti-dumping of Chinese fastener companies have gradually emerged in the past two years, and once the company loses the lawsuit, it is discriminatory and extremely high anti-dumping. The tax rate will lose the cost-price advantage of Chinese products.
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