Before the financial crisis, the total output value of the hardware products industry has reached 800 billion yuan, and has maintained a growth rate of more than 15%, among which the export value has reached 50.3 billion dollars, accounting for about 40-50% of the total output value of the industry, except for the 20-30% rapid growth before 2007.
From the second half of 2008, the financial crisis swept the world. The economic setbacks in Europe and the United States and the severe contraction of the external demand market have had a significant impact on the export-oriented Chinese hardware industry. For a while, hardware exports hit rock bottom. By the first half of 2009, exports were down 22% from a year earlier, an unprecedented decline.
According to the statistics of the customs, in the whole year of 2009, among the ten categories of hardware products exports, construction hardware products decreased significantly, reaching 31.. 2%. The tool category also fell more than 7 percent.
Time into 2010, the hardware industry appeared the international market demand began to slowly pick up, orders gradually increased "warming" signs. Many people began to propose that the hardware industry has also entered the so-called "post-crisis era", that China's hardware industry has begun to walk out of the shadow of the financial crisis, the form is very optimistic, the future is very bright.
