Since the EU anti-dumping sanctions, the business model of China's automobile fastener manufacturers relying solely on export is also undergoing a difficult transformation: Although China's automobile fastener manufacturers return to the European market, they also begin to focus on the domestic market.
In January 2009, the EU decided to impose a high anti-dumping import tariff of up to 85% on China's export fasteners. Although the final ruling of the WTO Appellate Body has protected the legitimate rights and interests of China's fastener industry, Chinese fastener export enterprises are still suffering heavy losses.
In this case, automobile fastener manufacturers who are on the verge of life can only make a difficult transition and switch to the domestic Internet market to gain more vitality. According to the data, in 2015, the volume of e-commerce transactions in China's market exceeded 1 billion yuan. The growing e-commerce market is undoubtedly a new opportunity for China's automobile fastener manufacturers.
