According to data from the National Bureau of Statistics, in 2011, there were 1,416 enterprises in China's bearing manufacturing industry (annual sales revenue of more than 20 million yuan). The total industrial output value of the year was 193.211 billion yuan, a year-on-year increase of 27.59%; sales revenue was 191.097 billion yuan. A year-on-year increase of 30.30%; total profit of 12.523 billion yuan, an increase of 26.54% over the previous year. It is estimated that by 2015, my country's bearing output is expected to exceed 28 billion sets, and the main business income is expected to reach 210 billion yuan, making it the world's largest bearing production and sales base.
At present, my country's bearing industry is facing three major problems: low concentration of industry production, low R&D and innovation capabilities, and low manufacturing technology.
