Fasteners are commonly known as screws and nuts, which are basic mechanical parts and are known as the industrial rice in the industry. China's fastener output is the largest in the world, and half of its exports have always been the hardest hit by foreign trade remedies. The state implements a proactive fiscal policy and a moderately loose monetary policy, and the scale of funds used to support the credit guarantee business of SMEs has doubled. The People's Bank of China, in conjunction with relevant departments, guides and encourages banking financial institutions to increase credit support for SMEs These all alleviate the difficulty of financing fastener SMEs.

Secondly, the standard parts industry is more confident in dealing with international trade frictions. Fastener companies in China actively responded to the U.S.'s double-reverse investigation of carbon steel fasteners in China and achieved a complete victory, becoming the only successful case since China's fastener industry encountered a trade remedy investigation.

In addition, the export tax rebate rate is expected to increase. In view of the fact that the country has repeatedly raised the export tax rebate rate and has no connection with fastener products, the association submitted clues to the group proposal on requesting the increase of the export tax rebate rate of fasteners at the industry association and chamber of commerce conference held by the Federation of Industry and Commerce, reflecting the industry in a timely manner. Appeal. According to the association, the clues of the proposal have been submitted to the National Committee of the Chinese People's Political Consultative Conference. The relevant government departments will carefully consider the request of fastener companies to increase the export tax rebate rate of fastener products.

While trade frictions and financial crises have brought pains, they have also greatly enhanced the awareness of the scientific development of fastener companies. In response to trade protectionism, fastener companies should be tit-for-tat and not give way; establish a broad united front to do Good early warning work; change the mode of export growth and change the strategy of low-price competition. The president of the association pointed out: Fastener companies should seek opportunities in crisis, embark on the road of transformation, timely adjust product structure, enhance technological innovation, balance the proportion of domestic and foreign sales, and improve the overall strength of the company.

The fastener industry is an industry that relies on raw materials, and the rise in raw materials will naturally increase the cost of fastener production. Under the current situation, fastener companies should make timely product structure adjustments, control the scale of investment, and reduce non-productive expenditures. This is undoubtedly positive. The main reason for the steady and rising prices of raw materials in China is that the control of the production capacity of the steel industry has eased the relationship between supply and demand, the country has strengthened the macro-control of the steel industry, and the steel market has developed in order. Second, the decline in steel imports and the increase in exports are conducive to stabilizing prices. Once again, market confidence has recovered. Operators and production customers are optimistic about market demand and dare to purchase and build positions.