Classified broadly as fasteners, nuts, bolts and screws are easy to overlook but ubiquitous in industrial activity, from assembling a table or chair to building a skyscraper or a cross-sea bridge. Illustration: Henry Wong

China’s fastener firms, ‘the rice of industry’, grapple with the nuts and bolts of a slowing economy

  • Handan city produces more than half of the nuts, bolts and screws used in China’s construction and manufacturing industry
  • Fastener manufacturers are seeking to expand foreign sales to make up for weaker domestic demand as China’s economic growth has hit record lows
Topic |   China economy

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Classified broadly as fasteners, nuts, bolts and screws are easy to overlook but ubiquitous in industrial activity, from assembling a table or chair to building a skyscraper or a cross-sea bridge. Illustration: Henry Wong
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.