Hardware Tools for Construction Booming including Ratcheting Spanners

- 2022-03-11-

In the first half of the year, China's GDP reaches 53,216.75 billion yuan. The building hardware including RATCHETING SPANNER has a prosperous future!

In recent years, with the rapid development of urbanization, China's construction market is booming, providing a strong impetus for the construction hardware industry including ratcheting wrench. At the same time, the continuous improvement of consumption level will effectively stimulate the potential demand for high-end building hardware products, and the future prospect of the building hardware industry is still foreseeable.

It is reported that China's GDP in the first half of 2021 was 53,216.75 billion yuan, a year-on-year growth of 12.7% calculated at comparable prices. In the first half of this year, the added value of the construction industry reached 3,333.52 brillion yuan, up 8.6% year on year, 4.1 percentage points lower than the GDP growth rate. The added value of construction accounted for 6.26% of GDP.