Bearing Industry in China keeps rapid growth
By the end of June of 2007,
Based on the statistics from 95 of top 112 China’s bearing groups and companies in January – June of 2007, the output of bearing were 1.1878 billion sets, increasing by 7.42% compared with the same period last year. The sold quantity of bearing reached 1.302 sets, soaring by 15.85% compared with the same period last year. The sales of bearing got to 13.19 billion sets, up by 21.13% than the same period last year.
In the first half year China’s bearing export and import have developed rapidly. There were 742.949 million sets of bearing exported, increasing by 14.81% compared with the same period last year and the export value reached 944.7716 million U.S. Dollars, by 21.49% significantly higher than the same period last year. Meanwhile, there were 742.949 million sets of bearing imported, decreasing by 11.04% compared by the same period last year and the import value got to 986.2917, increasing by 23.7% than the same period last year.
Outlook for the whole year, the output of bearing is expected to reach 8 billion sets and sales will be get to 76 billion RMB, forecasted by President Zhang.
Edit: Macro
