The output of fasteners in Zhenhai District of Ningbo City has increased to about 4 billion RMB from 200 million RMB in the past decade (2001-2011). The number of fastener companies also has rose to over 130 ones from around 30 ones in 2001, among which 64 companies achieved sales value of over 5 million RMB and 10 companies reached over 100 million RMB. There are around 7,000 people engaged in this industry. The fastener industry is one of the top 4 industries in Ningbo and one of the top 16 industries in China(…)
