At present, the basic machinery casting industry such as precision bearings has become a key industry of the country, and strive to make it reach or close to the international advanced level. With the support of a series of stable growth policies of the country, along with the "One Belt One Road", industry insiders believe that this year and the next few years, my country's bearing industry will usher in a new period of development.

 my country's bearing industry continued to develop rapidly. From 2005 to 2012, the main business income and bearing output of the national bearing industry maintained a rapid growth trend. Among them, the average growth rate of main business income of the bearing industry is 14.23%, and the average growth rate of bearing output is 16.04%, which has formed a larger economic scale. In 2017, my country's rolling bearing output was 18.721 billion sets, an increase of 14.9% over the previous year.

The sustainable development of my country's bearing industry has entered a golden age. With the continuous and rapid development of the bearing manufacturing industry, based on high-end products is the main trend of the future development of the bearing manufacturing industry.

In order to achieve this year’s economic growth target, urban infrastructure construction projects in various regions have set off a construction climax. The intensive start of major projects such as railways, social housing, water conservancy, ports, and airports has driven the recovery of the construction machinery manufacturing industry and stimulated the demand for construction machinery. The bearing market demand is also released.

The coordinated development of Tianjin and Hebei, the strategic implementation of the Yangtze River Economic Belt, and the accelerated development of high-speed rail and high-end equipment manufacturing are opening up a huge bearing market. In 2018, the total sales of my country's high-end bearing casting industry is expected to exceed 350 billion yuan, becoming the world's largest bearing production and sales base.