Sales of Bearings to Reach CNY 222 Billion in 2015
25 June 2013
www.chinabuses.org: Some person of CBIA (China Bearing Industry Association) said the industry, under the background of complex international political and economic condition, entered a phase of restructuring and rational return from 2012, following the rapid growth in 2010
Bearings, as the key fundamental parts in equipment manufacturing industry, determine the performance, quality and reliability of major equipment. After years’ development, output value of China’s bearing industry reached CNY 130 billion in 2010, ranking No. 3 globally.
Data shows the production volume in the first half of 2012 reached 8.375 billion units, increasing by 7.21% year on year and in June the production volume reached 1.738 billion, increasing by 9.35%.
Besides, with the policy support, the sales in 2015 will reached CNY 222 billion, annual growth rate being 12%-15%.
Source : www.chinabuses.org
Editor : Song
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