Bearing enterprises need to seize the development opportunities when China's manufacturing industry makes steady progress
Resource from: CBCC
14 Mar,2017
According to the latest macroeconomic indicators in February released recently by the National Statistics Bureau, China's manufacturing industry has seen a steady growth in its development. As part of the manufacturing, bearing enterprises should also seize the opportunity for their development.
The indicators showed that the PMI(Purchasing Manager’s Index) of China’s manufacturing industry in February was 51.6%, 0.3% higher than last month, 2.6% higher than the same period last year, which has remained above 51.0% for five consecutive months, indicating that China's manufacturing industry makes steady progress.
The result of economic transformation is expected to grow
Recently, A report named Why Do We Expect China’s Economy to Grow, issued by Morgan Stanley, an international financial services institution, highly praised the achievements of China's economic transition: first, consumption has become the leading power of China's economic growth, making China the world's biggest consumer market; Secondly, the service industry will be the fastest growing sector; Thirdly, China is striding towards the manufacturing power of high added-value; Fourthly, enterprises continue the economic transformation and upgrading to improve product quality and efficiency; Fifthly, the problem of overcapacity is being solved gradually.
The bearing industry is promising.
As part of the manufacturing industry, the prospect of bearing industry is broad and optimistic: first of all, the increasing needs and continuous growth of the manufacturing industry both at home and abroad brought greater confidence and more impetus to the bearing industry in its future development; Second, the results of China's economic transformation are expected to grow, which undoubtedly gives a quick shot of energy to bearing enterprises which are seeking transformation and upgrading. For example, Shandong KMR Science&Technology Co., Ltd. made vigorous efforts to promote the technology research and development of new bearings, and was approved as a postdoctoral research station a few days ago. The company should take this opportunity to intensify its research and innovation ability, as as to produce high-tech bearing products with global competitiveness.
Therefore, the bearing industry should seek and deepen the transformation and upgrading, improve added values of products, solve the problem of overcapacity, raise the proportion and quality of services and conform to the upgrading consumption etc. on current favorable occasion to develop better.
(CBCC)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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