China Bearing Annual production capacity 10 billion sets, ranked third in the world

July, 3th, Beijing - (e-bearings.com) “China has overfulfilled 'China's the Eleventh Five-year Plan ' two year advanced in bearing industry, to plan the original main camp service ahead of time to receive 84 billion Yuan(aprox. 12.3 billion US dollars), the bearing output 8 billion set of economic output goals.” On June 26, Chinese Bearing Industrial association honorary Director Zhang Qiaofan indicated at this association six session of general meetings that, our country bearing industry each work all obtained made great strides, the industry has realized the fast steady development, became the world third big bearing to make the great nation.

Although financial crisis to bearing industry influence started from last June to appear. From Jan. to April this year, the bearing industry realization profit total amount 630 million Yuan(aprox. 100 million US dollars), reduced 29.94% compared with the same period of last year. But in April profit increased 44.94% on a month-on-month basis, although in March glide down on a month-on-month basis , but still presented grows, the benefit assumed the optimistic trend of escalation. Zhang Qiaofan believed that, at under the international finance crisis influence, the contradiction which the gradual market demand insufficiency and the domestic and foreign market competition will intensify extremely is prominent. But simultaneously also is the industry carries on the deepened reform, the adjustment structure, the promotion industry level golden opportunity. Chinese Bearing Industrial association estimated that, China bearing industry in 2009 the economic output will grow about 10%.

When reviews for 4 year development courses, Zhang Qiaofan said that, during 2005 to 2008, the industry complete product sale income and the bearing output increase progressively equally 18.52% and 19.52%, has realized the industry fast growth.

In 2008, China exports the bearing to reach 3,390,000,000 sets, grew 2.75% compared to the last year; export 2,970,000,000 US dollars, grew 38.07% compared to the last year; Imports the bearing 1,580,000,000 sets, reduced 0.73% compared to the last year with 2,690,000,000 US dollars, grew 24.99% compared to the last year. The trade surplus had achieved 280,000,000 US dollars, create historical new high.