In the next few years, domestic construction hardware tools will move towards an intelligent and humane development path. Luo Baihui believes that the international hardware market dynamics, developed countries have accelerated the transfer of medium and low-end products to the third world, developed countries will shift the middle and low-end products to the third world due to the rapid development of production technology and the impact of labor costs, in Europe and the United States The design of construction hardware products in developed countries is mainly for easy installation and maintenance.
Power tools are one of the eight pillar industries in Yongkang. In recent years, due to the severe international economic situation, domestic and international sales of the power tool industry were once affected. However, after active self-help and independent innovation of enterprises and enterprises, the industry gradually recovered. The booming development has led to the rapid development of the bearing industry.
Economist Jan Hatzius and his team predicted in a report on Thursday that the Trump administration will announce tariffs on Chinese imports in the coming weeks, which may limit Chinese companies' investment in the US and the export of intellectual property to China. Although it is unclear which specific products will be affected by tariffs, Goldman Sachs believes that the White House will use several different criteria to make decisions, including bilateral trade balances in product categories, tariff rate differences, and imports from China into the US. Consumption rather than the proportion of downstream production, and so on.