Hager is an auxiliary application material for production and construction. The development of the Hager market is closely related to the economic development. Because of the rapid development of economy and the rapid development of China's economy, China's hanger has developed rapidly, and both export and domestic sales have reached the peak of history. However, the world financial crisis in September 2008 has begun to affect the real economy since November 2008. In terms of export, it is reflected in foreign demand, especially in the chemical fiber hoisting belt and transportation bolt fastener, which has sharply decreased. In addition, due to the sharp appreciation of RMB against foreign currencies of euro and other countries, the competitiveness of China's rigging export has been greatly reduced. Some foreign orders previously booked, due to the significant appreciation of RMB against some foreign currencies, have started to lose a lot.

China's major hanger enterprises account for a large proportion of exports. Due to the export obstruction, some enterprises closed individual workshops and reduced the capacity of chemical fiber sling and binding belt. Some enterprises transferred the employees of chemical fiber workshop to the steel rigging room, and some enterprises began to lay off workers. Zhejiang is mainly an export-oriented enterprise, which has been greatly impacted. In 2009, the business objective of China's export-oriented Hager enterprises is only to keep the principal. In the Chinese market, due to the serious shrinkage of the major industries using Hager, companies are accounting for costs, and their demand is much reduced, and their ability to pay is also declining.

Although China has put forward a revitalization plan for these industries, the demand for these industries cannot be rapidly increased because the international climate is hard to recover. It should be noted that as China continues to invest in new projects to stimulate domestic demand, such as nuclear power construction, wind power construction, railway and bridge construction, the demand of Hager in these construction projects has improved to some extent.