2/25/2010
NEWS BRIEFS
Jiaxing Fastener Group Eyes Export Growth in 2010
China’s Jiaxing Fasteners Import & Export Manufacturers Association reports that the city’s fastener export value dropped 47.7% to US$515.3 million.
The Chinese city has witnessed an export value of USD 515.29 million on fasteners although down by 47.77%YoY yet the decrease rate has shrunk by 5% compared with past three quarters.
The export value of steel fasteners accumulated at US$510.4 million down only 4% from the last three quarters. Copper fastener exports fell 47% to US$1.58 million, or down 15% from previous three quarters.
The Jiaxing association is reportedly optimistic about 2010 exports due to a weakening economic crisis, global government stimulus plans, confidence about handling trade disputes and the possible increase in the export rebate. ©2010 GlobalFastenerNews.com
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