Yongnian is known as the "Capital of Fasteners in China" and is the largest fastener production and distribution center in the country. As of the end of 2023, the annual output of fasteners is 6 million tons, with an output value of 42 billion yuan, accounting for 58% of the national fastener market sales and 28% of the global market. Its products are exported to more than 110 countries and regions in Europe, America, Central Asia, Africa, and other regions.