In recent years, the United States, Japan, Korea, India and Germany and other countries vied for multinational companies have set up factories in China, Hong Kong and Taiwan also have hundreds of fasteners factories migrate or create in the Yangtze and Pearl River Delta, Shandong Peninsula and other coastal areas . Multinational companies occupy the domestic high-end chain fastener.

From the export amount of perspective, since the first half of this year foreign-owned enterprises, foreign joint venture export value accounted for about 30% of total export value. The local enterprises are small and scattered, and to low-tech, alternative and strong low-end products, low value-added export products, which makes most of fastener products export profits fall into the hands of multinational corporations, but also may at any time be faced with foreign anti-dumping investigation. Therefore, improving product quality, develop high-end products, so that local fastener enterprises to enter the field of automotive and construction to compete in order to make local enterprises gradually reduce and get rid of enterprises and multinational corporations influence and control.