Industry News
Toyota Recalls 55,000 Vehicles in the U.S., Highlighting the Critical Role of Automotive Fasteners
Thousands of bolts are strategically placed throughout a vehicle's critical systems, acting as its “joints” to maintain stable connections and coordinated operation between components. Even a single bolt that is not properly tightened can trigger a chain reaction, jeopardizing driving safety. Indust......
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Tungsten Raw Material Prices Soar
Recently, prices for cemented carbide (commonly known as “tungsten steel”), which uses tungsten as its core raw material, have skyrocketed, imposing significant cost pressures and operational challenges on downstream fastener mold and manufacturing enterprises. Industry data indicates that this roun......
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China Launches First ASEAN “Container Shipping Route with Punctuality and Cost Reduction”
This newly launched route between Ningbo-Zhoushan Port and Ho Chi Minh City Port, designed for “on-time delivery and cost reduction in container shipping,” will significantly reduce vessel turnaround time and cargo transshipment cycles through precise schedule management, efficient port coordination......
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Hainan Free Trade Port officially implements island-wide customs clearance
Effective December 18, Hainan Free Trade Port officially commenced island-wide customs closure. The customs closure operation of Hainan Free Trade Port can be summarized in three phrases: “Open the first line, control the second line, and ensure freedom within the island.”
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China's Goods Trade Grows 3.6% in First 11 Months
According to customs statistics, China's total goods trade value reached 41.21 trillion yuan in the first 11 months of 2025, marking a 3.6% year-on-year increase. Exports amounted to 24.46 trillion yuan, up 6.2%, while imports totaled 16.75 trillion yuan, rising 0.2%. In November, China's goods trad......
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Haiyan Fastener Enterprises Achieve Output Value Exceeding 12 Billion Yuan
Haiyan ranks among China's top three fastener production bases, hosting over 400 related enterprises. In the first three quarters of this year, 171 enterprises above designated size achieved an output value exceeding 12 billion yuan, with their self-operated export volume accounting for over 9% of t......
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