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Bloomberg By Adam Minter Last week, China announced that it had mastered the art of making ballpoint pens. Don't laugh: It was a years-long effort that cost millions of dollars and required the leadership of a state-run corporate colossus. It was front-page news, widely discussed on talk shows and celebrated on social media.

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Friday 13 January 2017 20:53, UK China is the world's largest manufacturer of ballpoint pens Why you can trust Sky News China has finally produced its own fully home-produced ballpoint pen after years of trying to master the complex techniques involved in making the delicate tips.

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Fun facts: -China turns out 38 billion ballpoint pens each year. -Domestic stationery makers have to spend $15 million every year to import about 1,000 tons of the special stainless steel sockets for pen tips. -China is set to cut excess capacity of its steel sector by 100 million to 150 million tons by 2021.

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Exports from China's Ballpoints Pen Market. When it comes to the ballpoint pen export, China is also leading the way. According to the latest trading statistics from ITC, China exported over US$1.7 billion worth of pens in 2016, of which majority is ballpoint pens, representing about 27.5% of the world's total pen export in that year.

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January 18, 2017 at 1:37 p.m. EST (iStockphoto) Chinese President Xi Jinping made headlines this week with a speech at the World Economic Forum in Davos, Switzerland, that passionately defended.

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China Manufacturer of Ball Pen Manufactory OEM Stationery Mechanical Pencil Marker White Board Pen Gel Pen Child Drawing Pencil Lead School Office Use Promotion Pen Advertising Pen Ball Pen US $ 0.15-0.2 / Piece 10000 Pieces (MOQ) Ningbo Taiyu was established in 1986. It is located on the northwest of Ningbo.

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China Ball Pen Exports. After three months of growth, overseas shipments of ball-point pens decreased by -3.9% to 872M units in June 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when exports increased by 171% m-o-m.

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Intro Why China Couldn't Make a Ballpoint Pen Until 2017 The Why Minutes with Nick Freitas 11.9K subscribers Subscribe 285 Share 7.6K views 11 months ago Despite assembling billions of.

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China, while being the world's biggest manufacturer of ballpoint pens, has not been able to manufacture the pen tips without relying on foreign imports. SEE ALSO: For only $20,000, you could.

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There's just one problem: China doesn't possess the advanced alloys and machines necessary to make a high-quality pen ball and socket. As a result, 90 percent of China's pen tips are imported.

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The ballpoint pen became a potent symbol for perceived flaws in China's economy and technological capabilities. "That's the real situation facing us," Li said at a meeting with economists.

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Despite making almost 40 billion ballpoint pens a year, until recently China was struggling to manufacture one component domestically. WSJ explains what made.

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The same dilemma applies to ballpoint pens. No matter how many are produced, China loses much of the profit to other countries as long as it relies on imported parts. The Chinese government thus.

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18 Paper, as most people vaguely know, was invented in China long ago — about 2,000 years ago in fact. Today, China is still the largest producer of paper, holding about a quarter of the global.

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