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Zhejiang Wanda Group Corporation is a state-owned second class, large scale enterprise of the country, it has over 3,000 skilled employees and its capital reaches RMB320,000,000 yuan. It is the earliest as well as largest manufacturer specialized in producing pliers and other hand tools in China .The group is well reputed by its production capacity and products quality, and is known as the "the King of Pliers in the East".