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
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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
