Chrome steel ball industry in China will maintain stable development,its favorable factors can be summarized as three main points.
First,in the “12th Five-Year period,steady and rapid economic development of the country’s economy will further promote the development of China’s bearing industry,”Twelfth Five-Year”period,China’s strategic economic restructuring will be significant progress, which is bearing industry the structural adjustment has created a rare opportunity. Recently, the Ministry of Industry and Information Technology has issued a "mechanical basic parts industry revitalization plan", pointed out the direction of development for our product structure adjustment and development direction. Bearing enterprises should seize the opportunity to accelerate the development of enterprises. "12th Five-Year" period, China's urban and rural residents' income generally faster increase, significant improvement of people's material and cultural life will inevitably bring about the strong development of automation and electrification, which is bound to make miniature bearings large growth of the market. "Twelfth Five-Year" period, China's social construction significantly strengthen and further promote the steady development of the industry as a whole, will also promote the development of the bearing industry.
This year the high-speed development of the bearing industry for the next year's steady development and lay a good foundation.
Third, from a strong bearing exports this year, we can be seen close to the international level, the rapid economic development in recent years through the bearing industry, the technical level of our miniature bearings coupled with our market competitiveness constantly lift, we have become miniature bearings of the world's largest manufacturing base, along with the development of the international economy, the export of miniature bearings will be further growth.
As can be seen from the above three points, the the domestic steel ball is still in a steady development trend.