About the status quo of the screw industry

On October 20, 2018, the annual five-region screw association meeting was held at the Sapporo Prince Hotel in Japan. Representatives from various regional associations gave detailed reports on the status quo of the screw industry in this area. The general association Japan Screw Industry Association – International Commissioner Da Chuan Keliang reported on the fastener industry in Japan:

The real growth rate of Japan’s gross domestic product (GDP) in the first quarter of 2017, from January to March 2017, increased by 0.3% from the previous quarter, reaching a five-quarter continuous growth. It is speculated that this is due to a 2.1% increase in exports over the previous quarter, external demand driving growth rates, and residential investment and equipment servitude increased over the previous year. The GDP for 2017 is expected to be 553.5 trillion yen, an increase of 1.5% over the previous year.

It can be seen that the screw industry is in the ascendant stage and is good news for the screw factory. At the same time, the development of the screw industry is also brought by the joint efforts of many screw manufacturers. Shenzhen Shi Shi Tong Metal Products Co., Ltd. is also striving to contribute its strength to the screw industry, strictly control the quality of screws, solve various problems for customers, and contribute to the screw industry.

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