Three Factors Pushed the Development of Bearing Industry in China

Resource from: CBCC Likes:2905

Aug 10,2010

Due to the effect of the economical recovery in some international mainstream nations, the index of the bearing industry in China seems to be much lower, and the export of bearing productions will exceed 10% after analysing the market demanding in and abroad. This year is the last year of the "Eleventh Five Year", there are several factors will promote the development of bearing industry: The economy will continue to increase in the policy of the solid stimulate domestic demanding; With the quick development of the national economy and the economical restructuring, there is no doubt that the bearing industry will accelerate scientific research and the pace of technological transformation. Besides, the bearing industry may become into the enterprise which put more stress on quality, technology and efficiency. As a result, it will increase the rate of import substitution and promote the development of enterprise. Some implements planned by our country will be the strong force for the bearing industry. It is analysed by China Bearing Industry Association that the total business income in the bearing industry will exceed 100 billion RMB by 2010, and also the bearing production will achieve 12 billion. In addition, the export output will reach $2.2 billion, and the unit energy consumption will decrease 10%.

(CBCC)

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