Why is the screw factory industry shifting together?

Update:13 Jul 2019

I heard that all regions are carrying out or are about […]

I heard that all regions are carrying out or are about to transfer their industries. It must be said that with the rising prices of raw materials and the rising labor costs, as well as the increasingly stringent environmental protection policies, the competitive advantage of enterprises is gradually weakening, and enterprises are also urgently to explore a new way of development to seek breakthroughs. The “industrial transfer” hot air that frequently appeared in the screw factory industry has become one of the forms of enthusiasm for enterprises.
In recent years, multinational corporations from the United States, Japan, South Korea, India and Germany have come to China to set up factories to further seize the Chinese market. These foreign factories focus on the production of high value-added, high-precision, high-strength fasteners. The total assets of the fastener industry park have accounted for a considerable share of the national fastener industry. While the entry of foreign companies promotes and enhances the overall level of the fastener industry park industry, it will also accelerate the reshuffle process of domestic fastener industry park enterprises. The fastener industry park will force domestic enterprises to make changes. Enterprises must be stable and long-term development, transformation and upgrading, and adjustment of product structure is fundamental.