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Economic arsenal 'sufficient' to support growth

By China Daily| 2020-05-25 17:03:43

China is capable of reaching its goal of building a moderately prosperous society in all respects by next year with support from macroeconomic policies, despite troubles caused by the COVID-19 pandemic, political advisers said.The country has sufficient policy tools to tackle economic challenges amid the pandemic, and the fiscal and financial system is generally stable, Yang Weimin, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, said in a speech on Sunday.Both fiscal and monetary policies have "sufficient ammunition" to support economic growth, said Yang, former deputy head of the Office of the Central Leading Group on Financial and Economic Affairs.Liu Wei, president of Renmin University of China and a member of the central bank's monetary policy committee, said China's potential GDP growth rate is estimated to be 3 percent this year.Also a member of the 13th National Committee of the CPPCC, Liu said strong expansionary policies to stimulate aggregate demand and measures to promote supply-side structural reforms were likely to drive up GDP growth to around 5 percent. But China "will pay a high price" for employing such policies and measures, he warned at a CPPCC meeting on Saturday.Instead of setting a specific GDP growth target, this year's Government Work Report made safeguarding employment and people's livelihoods priorities, considering the impact of the pandemic.The government is aiming for a surveyed urban unemployment rate of around 6 percent this year and is seeking to create more than 9 million jobs in urban areas. These targets may require a GDP growth rate higher than 4 percent, Liu said.China has launched many measures-such as raising the debt-to-GDP ratio, extending government debt, increasing liquidity and lowering financing costs-to offset the impact of the pandemic.Political advisers suggested that macroeconomic policies, including fiscal and monetary measures, be more targeted."As long as these policies are in place, China will take the lead in achieving economic stability and recovery," Yang said. "The epidemic has brought many changes, but it cannot change the fundamentals and momentum of China's long-term economic growth."Economists believe China's sustainable economic growth will mainly rely on huge domestic demand, but the country will not abandon the international market. The urbanization process will continue to create a new driving force for the economy."Markets are the most scarce resources for economic growth in modern society. Any rational investor will not give up on the large and growing Chinese market," said Yang, who also stressed the importance of deepening reform and opening-up.In the face of increasing downward pressure on the economy this year, China did not adopt the "flood irrigation" approach to monetary easing. Policymakers concentrated on ensuring stability of employment, the financial sector, foreign trade, domestic and foreign investment and expectations."The fact that there is no growth target this year does not mean China's leaders have stopped caring about growth," said Louis Kuijs, head of Asia Economics at Oxford Economics, a British think tank.The Government Work Report also committed to continuing reform and opening-up and cited a three-year action plan on State-owned enterprise reform."While the details have yet to be seen, based on earlier information, some of the components of the plan will be along the lines of expanding mixed-ownership reform and cutting overcapacity in sectors including coal and electricity, steel and nonferrous metals," Kuijs said.

Manufacturing World Nagoya rescheduled to September 9-11, 2020

By CFM| 2020-03-25 00:00:00

Due to growing concerns related to COVID-19 conronavirus, 5th Manufacturing World Nagoya has been rescheduled and will take place from September 9 to 11, 2020 in Aichi Sky Expo.

The 6th Taiwan International Fastener Show will be held in Kaohsiung Exhibition Center from April 21 to 23, 2020

By Taiwan International Fastener Sh| 2020-01-20 10:13:12

Organized by BOFT, the 6th Taiwan International Fastener Show will be held in Kaohsiung Exhibition Center from April 21 to 23, 2020.Taiwan International Fastener Show is the third largest fastener show in the world, the second largest in Asia and the only professional B2B fastener industry exhibition in Taiwan, connecting the complete fastener industry supply chain, showcasing the value added and niche products. It is one of the most professional procurement and industrial information exchange platforms in Asia.Exhibits include: nuts, bolts, screws, fastener manufacturing, tooling machines, fastener tools, meters and instruments, wire and raw materials.It is estimated that 430 enterprises will participate in this exhibition. 1187 booths will be provided, an increase of 6.9% compared with the previous edition. Well-known exhibitors include: ZYH YIN, CHUN YU, PATTA, CHING CHAN OPTICAL, SHEH FUNG, RAY FU, BEST VIEW, JERN YAO, YESWIN, HOMN REEN, YING MING, BI-MIRTH, UNITECH, TYCOONS, CHITE, LU CHU SHIN YEE, BOLTUN, ANCHOR, SAN SHING, YOUR CHOICE, JAU YEOU, GWO LIAN.In 2018, there were 33,681 people of visits. In 2020, people of visits are expected to be 35,000.

22nd Manufacturing World Osaka Concluded with Great Success

By Reed Exhibitions| 2019-11-08 00:00:00

The 22nd Manufacturing World Osaka held on October 2-4 concluded with great success with 1,367 exhibitors and 40,071 visitors.It consisted of 5 specialized shows, the exhibits covered mechanical components, engineering design, subcontracting services, factory equipment, IT, AI/IoT, 3D printing, additive manufacturing solutions and comprehensive range of high quality products/services/technologies.Right from the first day of the show, the exhibition halls were full of visitors. Visitors were eager to see the exhibits and demonstrations provided by the exhibitors. Across the exhibition hall, exhibitors and visitors actively engaged in onsite explanations and business discussions.329 international exhibitors from China, Korea, Thailand, Vietnam, Germany, Malaysia, UK, etc. participated in the show. Most of them were satisfied with the quality of the show and achieved great success. Also, 8 Groups of 115 people from China, Indonesia, Philippines, Malaysia, etc. visited the show as Group Visitors. See what the international exhibitors and the group visitor said about their experiences.International Exhibitor CommentWe exhibited in Tokyo and Osaka shows and because Vietnamese exhibitors are very rare, we even have visitors coming from Tokyo to meet us. This exhibition provides good interface opportunities with new customers and can increase exposure for our products. We have already booked the booths for next year. (- SSP Moulding Co., Ltd./Me Tran Binh Xuyen Electronics Co., Ltd)We have been exhibiting for more than 10 years in both Tokyo and Osaka. We choose these two locations because these places have high potential customers. We are considering exhibiting all three Tokyo, Nagoya and Osaka show next year. (- SKP Polymer Co., Ltd.)We were worried about the “Japan-Korea relations” but we did not feel any impact during the show. In contrary, we achieved the best results this year. We are thinking to expand our booth size next year. (- Kotra-Korean Trade-Investment Promotion Agency)International Group Visitor CommentWe came with a group of 9 people. We are extremely satisfied with the services provided by the show organizer. We came to this exhibition to purchase and find business partners. During the show, we have collected lots of industry and company information for sourcing purposes. (– by Spring Ming Co., Ltd)The next edition of Manufacturing World will be the Tokyo show - Manufacturing World Japan 2020. Celebrating its 31st birthday, 2,300 exhibitors and 80,000 visitors are expected to participate in.2020 Tokyo Show will have 8 specialized shows displaying exhibits such as mechanical parts processing, FA/transmission technology and industrial automation, industrial IT solutions, factory energy-saving products/equipment, aerospace components/materials, 3D printing/additive manufacturing, manufacturing AI solutions, industrial IoT platforms, big data applications in various fields and many more. For more details please check the preshow report: If you are interested in knowing the trend of manufacturing industry trend, cutting-edge product technology, or collecting industrial information in Japan; or if you plan to source from Asian manufacturers, please do not miss this exhibition.Click for the Visitor Ticket of Manufacturing World Japan 2020: For exhibiting request, please contact the Show Management through Reed Exhibitions Japan Ltd.Manufacturing World Show ManagementAddress: 18F Shinjuku-Nomura Bldg. 1-26-2 Nishishinjuku, Shinjuku-ku, Tokyo 163-0570 JAPANTEL: +81-3-3349-8506  FAX: +81-3-3349-8500email: [email protected]

At present, it is the best time for China and the U.K to do business

By CFM| 2019-09-17 00:00:00

During September 11-12, the Fastener Exhibition and Conference was held in Birmingham. Journalist of came to this exhibition with the lastest issue of ChinaFastener Magazine 華人螺絲.Organized by Prysm, the biggest exhibition company in the U.K, more than 70 exhibitors were from fastener industry. 45 of them were from China, including Ningbo Taida, Jiangsu Washen, Shanghai BSC, Jiaxing Lixin, Hangzhou Lizhan, Shenzhen Kinfast, Jiaxing Relia, etc.Ningbo TaidaJiangsu WashenShanghai BSCHangzhou LizhanJiaxing LixinShenzhen KinfastINDUSTBOXExhibits were mainly used in automobile, aviation and construction industry. During the exhibition, over 50 seminars were held, such as Nuts and Bolts of Industrial Marketing, the Importance of Fasteners: From Conceptualisation to the Manufacture of Electronics, Fibre Optic and Lighting Systems, the Application of Technology to Aid Fastener Insertion for Aerospace Application.Birmingham is the second largest international city in the U.K., following London. It is located in the artery of railway connecting London and Liverpool. It is a prosperous and dynamic area with over 1900 international companies.Birmingham is one of the most important manufacturing center in the U.K., and is also one of the biggest industrial area in the world. Main industries include machine tool, instrument, compartment, plane, chemistry, military, etc. It is estimated that 25% of export goods were made in Birmingham.The U.K is the cradle of modern industrial revolution. Manufacturing plays an important part in U.K’s economy. It accounts for 10% of the total added value of the U.K, 54% of the export value. More than 2.5 million people are engaged in manufacturing industry. Steel, pharmacy, aviation, machinery, military and environment science are U.K’s leading industry.Aviation is the best industry among manufacturing industry. It places the second in the world, following the U.S., and the first in the U.K. It accounts for 17% of the total income of avivation in the U.K. More than 237,000 people are engaged in this industry.The U.K is the most diversifed automobile production base, which is known as “U.K’s Detroit”. Automotive research is in the leading position of the world. Almost all famous automobile enterprises have branches in the U.K, such as Honda, Toyota, BMW, etc. Meanwhile, U.K’s manufacturing faces a lot of challenges, such as globolization, financial crisis, problems due to relying too much on service sector. Therefore, since 2008, U.K government put forward High Value Manufacturing Strategy, hoping U.K enterprises can produce more high value products in U.K.In January 2012, U.K’s government started the research of U.K Industry 2050, and the final version of the report – the Future of Manufacturing: Opportunities and Challenges that U.K Faces came out in October 2013. In this report, manufacturing means service plus manufacturing.On January 23, 2017, the Green Book Modern Indusrty Strategy was officially published, aiming to upgrade living standard and boost economic development by enhancing national production.Through a series of policies, U.K’s manufacturing shores up to some extent. China is the 5th largest trading partner of the U.K. According to the latest statistics, trade value between China and the U.K has achieved 68.5 billion pounds. Mr. Liu Xiaoming, Chinese ambassador to Great Britain stated that China and the U.K shall seize the opportunities created by the 4th industrial revolution, China’s opening up and the Belt and Road.With the good development trend of China and U.K business, export value of Chinese fastener to the U.K also increases. In 2017, Chinse fastener accounts for 7% of U.K’s total import of fastener. In 2018, Chinese fastener accounts for 9% of U.K’s total import of fastener.At present, it is the best time for China and the U.K to do business. Ms. Gao Yan, chairman of C.C.P.I.T said “ International situation changes a lot, but the relationship between China and the U.K is developing steadily. At the starting line of the new era, trade and investment between China and the U.K will develop very fast.”

Network with World-Class Suppliers of Hand Tools & Power Tools @ HTF 2019, Mumbai

By Hand Tools Expo| 2019-09-03 00:00:00

ABOUT HAND TOOLS & FASTENER EXPO 2019The 18th edition of HAND TOOLS AND FASTENER EXPO 2019, is being hosted by ITEI - The Indian subsidiary of ITE Group PLC (UK) from 20th-22nd September 2019 at Bombay Exhibition Centre, Mumbai, India. It is supported by reputed industry associations including ‘Ludhiana Hand Tools Association', 'Fastener Manufacturers Association of India (FMAI)' and the 'World Metal Forum'. HTF 2019 carries forward the theme of ‘TOOLS FOR INDUSTRY’ from its previous successful edition. It caters the need for quality and high-end Hand Tools, Power Tools, & Fasteners etc. for almost every industry i.e. Automobile, Heavy Engineering, Construction & Infrastructure, Woodworking & Furniture, Gardening & Horticulture, Aviation and many more…. The event will be the confluence of the international & national Hand Tools, Power Tools & Fastener manufacturers, and key personnel from the industries with special focus, Distributors/Retailers, Exporters, Industrial Suppliers etc. Dedicated towards the growth of niche tooling sector, this event is definitely a once a year opportunity for manufacturers, importers, distributors to display their product innovations and technology at one-stop platform and experience rich business opportunities.MARKET FACTSDemand for Power Tools is projected to US$ 46.5 Bn by 2025?  Expanding Automotive Aftermarket to Create Demand for Industrial Hand Tools & Power Tools?  Cordless Power Tools to Exhibit Nearly Twofold Growth in India Power Tools Market During 2018-24?  Rivet Gun Market is Estimated to Reach US$ 799.9 Million by the end of Forecast Period 2028FEW EVENT HIGHLIGHTSIndia’s largest and only focused event for Hand Tools, Power Tools & Fasteners?  Region’s only sourcing point for quality Hand tools, Power Tools & fasteners?  Presence of all major Indian manufacturers, importers & distributors?  Exclusive country pavilions from China & Taiwan?  Thousands of trade visitors from India and neighboring countries including major OEMs | Distributors | TradersMORE OPPORTUNITES AT HTF 2019HTF 2019 is planned with other specialized exhibitions to serve as a Biggest Business Carnival for Manufacturing & Fabricating Industries, Like?  CWE - for Advanced Cutting and Welding Equipment & Technology including Laser Technology?  IMEX - for Latest Machine Tools (CNC, Laser, Shot Blasting, Measuring & Testing Equipment and more……)?  UMEX – for Economical Pre-Owned Machinery in the industry?  WOM – for Metal Production, Processing and Metal working Industry?  TECHINDIA - for Engineering and Manufacturing (Pumps, Valves, Compressors and more……..)The said Biggest Business Carnival will have largest gathering of trade visitors from various segments of Manufacturing & Fabricating industry like Steel | Metal Forming & Metal Working | Sheet Working | OEMs | Automobile |Furniture & Wood-working | Sub-Contracting & Fabricating | Rail Coach Factories | Boilers |Heavy Engineering | EPC | Shipbuilding | more...Block your dates for this Mega Business Festival scheduled during 20th-22nd September 2019 in Mumbai. For more information on the exhibition, please log on to  or call us at +91 97899 94131, +91 96543 93213

Korea Metal Week 2019 Closed its Curtain in Seoul

By CFM| 2019-07-06 00:00:00

From June 19-21, Korea Metal Week 2019 was held at Kintex, Seoul. Journalist of came to this exhibition with 25th issue of 華人螺絲ChinaFastener Magazine to get to know Korean industrial market.There were 14 kinds of exhibits on show, namely, fastener & wire, foundry & die casting, automobile & machine parts, press & forging, tube & pipe, metal surface treatment & painting, 3D technology, aluminum, laser & welding, fundamental manufacturing industry, pump technology industry, tools, composite, control, measurement & automation.Exhibitors were mainly from Korea, mainland China, Japan, Germany, Italy, Malaysia, etc. Some Chinese exhibitors included: Zhejiang GEM-Year Industrial Co., Ltd., Shanghai BSC Corporation Ltd., Hebei Fuao Fastener Manufacturing Co., Ltd., Zhejiang Huantai Precision Machinery Co., Ltd., Dong Tai City Huawei Standard Component Component Co., Ltd., etc.GEM-Year Industrial Co., Ltd.BSC Corporation Ltd.Heibei Fuao Fastener Manufacturing Co., Ltd.Zhejiang Huantai Precision Machinery Co., Ltd.Dong Tai City Huawei Standard Co., Ltd.Manufacturing is one of the pillars of Korean economy. In order to maintain competitiveness in fierce international competition, on June 19, Korean government announced that its aim was to make manufacturing be one of the top 4 of the world.According to the blueprint, Korean government will strive to increase the additional value of manufacturing from 25% to 30%, and increase the proportion of new industries and new projects from 16% to 30%. The aim was to make Korean export scale rank 4th of the world. At present, Korean export scale ranks 6th of the world.According to World Daily, automobile manufacturing and maintaining leading position of semi-conductor are shinning points of the blueprint. Korean government plans to invest 8.4 trillion KRW to important fields to support their research and development. Korean government also plans to promote AI technology to all manufacturing industries. A series of strategies relating to AI will come out within the year. By 2030, Korea will build 2000 AI factories and establish data centers to accelerate the development of software, robot, sensor and equipment relating to AI.However, the introduction of the fabulous policies does not change the worsening situation of Korean manufacturing. The rate of operation of the first quarter this year has dropped to the lowest level since 2008. The trend of manufacturing enterprises leaving Korea is obvious. Therefore, it takes time to tell whether the policies work or not. 

Gala Dinner “the Night of Screw” was Held Grandly in Shanghai

By CFM| 2019-07-05 15:11:03

On June 26th, 2019, gala dinner “the Night of Screw” was held grandly in Shanghai to celebrate 15th anniversary of and 10th anniversary of Fastener Expo Shanghai. Nearly 700 people from fastener industry attended this fabulous party.The theme of the Night was “industry, internet and future”. Ms. Wu Wai Yee, Chairman of Hong Kong Screw and Fastener Association, Mr. Gian Marco Dalpane, vice-chairman of European Fastener Distribution Association, Mr. Shi Jianhua, vice secretary of China Automotive Industry Association, Mr. Chen Jutian, chairman of Guangdong Province Fastener Association and other distinguished were invited.Mr. Gordon Payne, general manager of ITE Asia, expressed gratitude for everyone’s coming, and stated that Fastener Expo Shanghai would not go so far without the support from exhibitors and visitors. “We will provide good service to all our customers, no matter it is big or small,” Mr. Gordon Payne said.E-Commerce enterprises, such as Gongpin Yihao, Santie, Jinshang, Tongming, stated that AI and internet would be the future of fasteners. Since the development of industrial internet was good, Chinese fastener enterprises should take an active part in it.Regarding the future of fastener industry, Mr. Yang Junfeng, founder of, Fastener Expo Shanghai and INDUSTBOX, stated that business in 2019 was hard, but it was the best time in the next 10 years. In the next 10 years, there were two development trends. One was consumption upgrade which the key factor was brand building. The other was industry internet which technology innovation played an important role. It was believed that fastener industry would be more hopeful in the next 10 or 15 years.

The 6th Face to Face ChinaFastener Purchasing Meeting Got a Fruitful Result

By CFM| 2019-07-04 18:41:14

Organized by, Fastener Expo Shanghai and INDUSTBOX, the 6th Face to Face ChinaFastener Purchasing Meeting was held at National Exhibition and Convention Center (Shanghai) on June 21st, 2019.As one of colocated activities of Fastener Expo Shanghai, nearly 30 international buyers and more than 150 suppliers attended this meeting. During the meeting, suppliers communicated with the buyers under organizer’s guidance. International buyers were mainly from Russia, India, Philippines, Pakistan, etc. Bossard, Reyher, and some other famous buyers also came to this meeting. Products that they wanted to purchase included screws, bolts, nuts, anchors, washers, threaded rods, rivets, molds, equipment, etc.The outcome turned out to be great. Most buyers stated that they were satisfied with the matched suppliers. They were grateful that organizers provided them with such a convenient chance, which helped them reduce the cost of finding suppliers. For those who successfully got orders, they said they were happy to attend this meeting, and would be very glad if they could be invited next year.Face to Face ChinaFastener Purchasing Meeting provides a platform for buyers and suppliers to communicate face to face. All orders will be matched precisely in advance so that buyers and suppliers can talk efficiently.

Fastener Expo Shanghai 2019 Got a Great Success

By CFM| 2019-07-04 00:00:00

On June 28, Fastener Expo Shanghai 2019 and 10th edition of Automobile Fastener Expo closed its curtain at National Exhibition and Convention Center (Shanghai). They turned out to be a great success.The exhibition hall covered an area of 60,000 square meters. Nearly 800 exhibitors from around the world attended this expo. Some exhibitors included: Jiangsu Washen, Zhejiang Xinchun, Foshan Sailuk, Ningbo ABC, Dongtai QB, Zhejiang Brother, Jiaxing Chinafar, Suzhou YNK, Ningbo Zhenhai Huazhi, Shanghai Fast-Fix, Zhejiang Ansheng, Jiaxing Zhengying, Shanghai BSC, Jiangxi Kaixu, Ningbo Ningli, Shanghai UAZNC, Beijing Jinzhaobo, Shanghai SRC, Dongguan Chunqing, Foshan Guangqingchang, Jiaxing Kinfast, Wenzhou Qiangbang, etc.Jiangsu WashenZhejiang XunchunFoshan SailukNingbo ABCDongtai QBZhejiang BrotherExhibits included standard fasteners, non-standard fasteners, automotive fasteners, high strength fasteners, stamping parts, lathe pieces, equipment, materials, molds, technologies, etc.As Fastener Expo Shanghai celebrated 10th anniversary, Mr. Yang Junfeng, chairman of, said “At present we face a huge challenge and fierce competition. What we can do is to face it and create more value to our customers with professional service. Meanwhile, we need support from our friends, and we should be cooperative. Only when we work together can we be seen by the world.”During the exhibition, a series of colocated activities were held at the same time, such as face to face purchasing meeting, technical interchange meeting, round table, etc. The themes were related to fastener market and business mode, technology creativity and craft optimization, AI manufacturing, product application, future industry development strategy and sustainable development, etc. The topics reflected opportunities and challenges China faced in respect of design, R&D, production, application and trade, etc. Speakers gave valuable solutions and suggestions. All activities were in favor of the development of the industry.Face to Face China Fastener Purchasing MeetingThe next edition of Fastener Expo Shanghai will be held from June 3-5, 2020 at National Exhibition and Convention Center (Shanghai).

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