It is well-known that the bearings are the key components in the modern manufacturing industry, and the quality of the bearings is the base of the performance, reliability and quality of the equipment. After a hard time of development, Chinese bearing industry has reached a new altitude in professional technology and substantial scale. The annual output value has reached 130 billion which makes China the third largest bearing market in the world.
Progresses we made, defects we have. The quite obvious problem is the surplus of the low-end products and the massive importation of the high-end product that makes a wide gap to the rapid development of Machinery and equipment industry in China.
With the increasement of the uncertain factors, some enterprises, especially some big companies, start to find new ways to improve their performance and the effect of this transformation are showing its face.
It is reported by the government that output value would not rise substantially as before, but decrease little yet.