After 30 years of rapid development, China has become the world's most important tool manufacturing center and consumer market, China's production of hand tools and power tools in addition to fully meet the needs of the domestic market, but also a large number of exports around the world. China hardware products association and deputy executive director of the tool branch director feldspar monk told the reporters, at present, China's tool hardware industry is in a critical period of core competitiveness, industry mainstream companies are increasing the investment of technology and equipment and transformation, to the healthy development of low carbon, environmental protection and energy saving. Domestic tools determine the development goal in the next five years, and strive to achieve the transformation and improvement from quantitative change to qualitative change through the joint efforts of the whole industry. Currently, 70 percent of the world's tools are produced by companies in China, the United States and Germany, shi said. Among them, Chinese tool manufacturing plays an important role in the global industrial chain. At present, Chinese tools are available in more than 160 countries around the world. It is reported that in the next five years, domestic tools strive to achieve new breakthroughs in product development, standard development and market development.