Growing economies of scale

 Although the financial crisis on the impact of the bearing industry since last June began to show. January to April, the bearings industry realized a total profit of 630 million yuan, down 29.94%. But in April profit growth of 44.94%, compared with a March MoM decline, but continued to show positive growth, benefits were optimistic upward trend. Zhang walk on stilts who believes that the impact of the international financial crisis, the stage of the lack of market demand and market competition at home and abroad will be very prominent contradictions. But they are also industry deepen reform, structural adjustment, to upgrade the industry level of appreciation. China Bearing Industry Association expects China's bearing industry in 2009 overall economic growth will be around 10%.
    Growing economies of scale
    In reviewing the four years of development, Zhang walk on stilts who said that in 2005 to 2008 in four years, industry sales revenue and bearing all the average yield increase 18.52% and 19.52%, to achieve the industry's rapid growth.
    In 2008, China's exports amounted to 3.39 billion sets of bearings, an increase of 2.75% over last year; exports worth $ 2.97 billion, an increase over the previous year 38.07%; imports bearing manufacturer 1.58 billion units, 0.73% lower than the previous year; use of foreign exchange $ 2.69 billion, an increase of 24.99% over the previous year. Trade surplus reached $ 280 million, a record high.
    Types of enterprises in various economic sectors have developed rapidly in Wazhou represented by large state-owned enterprises maintained a strong momentum of development, become the backbone of the backbone of the industry to Pegasus, the influx of money, the people as represented by the rapid development of private enterprises . The end of 2008, industry-wide state-owned, private, foreign-funded enterprises proportion of 14:66:20, the proportion of private enterprises increased by 16 percentage points, to become a vital force in the industry.