China bearing output to see 8 billion units in 2010

The "11th Five Year Plan" of Chinese bearing industry has been released recently on the national bearing industry seminar. According to the plan, the output of bearing will reach to 8 billion units by 2010, the variety will be as much as 15,000 units, sales will reach 84 billion yuan, and industrial value added will reach to 25.2 billion yuan, industrial consumption will decrease 20%.

The amount of high-end bearings will account for 20%, mid-end account for 50%, the low-end will account for 30%.

The Chinese bearing enterprises will increase investment research and development of high tech content bearing to meet the ever increasing market demand.