In the first half of 2016, world economic growth is lower than the expected, and the recovery power of mining is failure. Due to the further promote of China's economic transition and the shift of overall economic growth, major minerals demand and production scale collective decline.

During January and May in 2016, the fixed assets investment had a 9.6 percent increase from the same period last year, the growth rate hit a new low since 2016. At the same time, international competitiveness of "Made in China" is declining, so export volumes tend to decline, from January to May the national export is 5.3 trillion RMB, which declined by 1.8% year-on-year. Coupled with the domestic tungsten heater and other tungsten products are in the long-term state of overcapacity, resulting in the decreased demand for tungsten products, the domestic tungsten market fall into a recession. It is reported that, the mining industry profits decline substantially. During January and May in 2016, the national mining industry profit is 6.66 billion RMB, which declined by 94.0% year-on-year. Especially for the United States,, after the crisis, its consumption of energy, iron and steel, copper, aluminum, lead and zinc are in secular stagnation.

At present, China has begun to enter the later stages of industrialization, in the dual role of the shift of economic growth and structural adjustment, the future economic would suffer much pressure for a long period. China is the biggest country for the tungsten resource in the world, which is also the world's largest tungsten producer and exporter. But tungsten resources are strategic resources, in order to protect the security of resources, China needs to formulate baseline indicators in accordance with different resources, different times, different circumstances, which relying on technological innovation and institutional innovation, and strive to improve the efficiency of resource use.

Resently, one foreign company raised £1.1mln to fund this push into tungsten carbide parts-related technologies.
The funds were earmarked for the  acquisition of a maker of plastic-moulded products where Versarien will use carbide parts to enhancing an existing range plastic moulded products.
Existing Versarien shareholders Henderson Global Investors and Miton Asset Management both had stakes of more than 10% in the company to be acquired, which makes it a related deal under AIM rules.

Having grown and diversified in recent years from being solely a producer of hard-wearing tungsten carbide parts, used in engineering for extreme environments such as offshore oil and gas installations, the company currently has three units. Hard Wear Products, which has traditionally for aerospace companys.
The thermal division produces disruptive cooling technology (a conductive copper foam) for electronic engineering. Customers include General Motors, Google, and thermal imaging specialist FLIR.
Versarien’s 2 Dimensional Products division, meanwhile, is the source of much recent excitement.

This is the business is focused on the production of the so-called ‘wonder material’ carbide parts. "With the 2 Dimensional Products it was very much an embryonic business when we took it on," someone said.
And they are seen that now become a proper manufacturing method, it has got its patent, and it is approved out in the US.
“They have had some very good enquiries from very large international companies.
“They now need to continue to develop our production capacity, and to really capitalise on our investments in terms of getting commercial traction.”

The 2016 trading year has seen a strong of partnerships for foreign company in areas where tungsten carbide parts can make a significant improvement to an existing product.
In June, it teamed up with highly regarded Airbus supplier CT Engineering to develop a new range of aerospace components using tungsten carbide parts.
A deal with Absolute Engineering will explore novel technologies for the printing industry, including carbide enhanced composites.
Perhaps most high profile deal in May saw it start work with winter sports olympian Kristan Bromley to develop a range of carbide-enhanced skeleton boards for the Winter games in 2018.

One of the most important keys for the development of the city is traffic. If the transportation system has been improved, there will be more and more tourists and investors to Xiamen, such an action would be conducive to the development of tungsten enterprises in Xiamen. If the traffic has been improved, the speed of transportation will speed up, which would save the transit time of tungsten heater, and it would further promote the trade of tungsten heater in Xiamen.

From September 1, 2008, BRT has been put into operation officially. Since BRT established, it is widely welcomed by the public, people said that this mode of transport is both convenient and time saving. However, with the continuous promotion of BRT and the Xiamen growing population, more and more people feel that the BRT is too crowded, it is impossible to get on BRT during the rush hour. So the government has invested a lot of Xiamen public bicycle, which has solved the problem for the traffic to a certain extent to. Coupled with the promotion of green travel, people are wild about cycling, so that there is a new problem. In rush hour, bicycles and other non-motor vehicles swam back and forth in the crowded lane, causing frequent traffic accidents, which also brings trouble to the motor vehicle driver. In order to solve those safety issues, on July 21, Xiamen Municipal Commission of Urban Planning and Xiamen Municipal Gardens Bureau announced the programme the first the full elevated cycleway.

The plan is to build the bike route under BRT from Hong-wen to the Huli high-tech industrial zone, the omnidistance is 7.6 km. Currently, the program is seeking comments. It has an independent right of the route, bike is no longer need to rob the lane. Motor vehicles, electric cars, pedestrians were strictly prohibited.