After the outbreak of the international financial crisis in 2008, the state adopted a proactive fiscal policy of increasing infrastructure investment and stimulating economic development in response to the financial crisis. Benefiting from the development of related industries, the production and sales of bearings have expanded rapidly, the profit level has been improved, and the industry has accelerated significantly. In 2010, China's bearing industry achieved sales revenue of 1,519.69 billion yuan, a year-on-year increase of 39.45%; total industrial output value of 151.434 billion yuan, an increase of 38.04%; total profit of 9.812 billion yuan, an increase of 69.37%. In recent years, world-renowned companies have entered the Chinese bearing market and established production bases, such as Sweden's SKF Group, Germany's Schaeffler Group, American Timken Company, Japan's NSK Company, NTN Company, etc. These companies are not only globally operated, but also globally manufactured. They rely on the advantages of brand, equipment, technology, capital and production scale to compete fiercely with domestic bearing companies. At present, domestic enterprises are mainly engaged in the production of general-purpose bearings, and there are fewer special-purpose and high-end bearing manufacturers, and the technology is still immature. Therefore, if domestic enterprises want to compete with foreign advanced bearing brands or even surpass them, they still need to go through a long-term development path in technology and other aspects. During the "Twelfth Five-Year Plan" period, the effects of national macroeconomic policies will continue to show, domestic economic growth will remain strong, the international market will also slowly recover, and the momentum of economic stabilization will gradually increase. The development of the national economy will boost investment in infrastructure construction, and promote the development of metallurgy, electric power, construction machinery, building materials, energy and other industries. At the same time, the country has introduced ten major industrial revitalization plans for the automotive, aerospace, machine tools, wind power and other industries. Development provides policy support, and the demand for bearings in these industries will gradually expand. In addition, the country's emphasis on equipment manufacturing and the trend of bearing localization are increasingly obvious, China's bearing market will usher in a broader space for development. Some analysts believe that with the development of China's bearing mainframe industry, the product structure of the bushing will change, the proportion of its high-end products in the product will increase, and the unit price of sales will also increase. It is expected that by 2015, China's bearing output is expected to exceed With 22 billion sets, sales are expected to exceed 350 billion yuan, making it the world's largest bearing production and sales base.
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