China invests for the production of High precision bearings

To be less dependent on imports, China has to develop the production of high-precision bearings.

It is projected that by 2015, sales of China’s bearing industry will reach 222 billion yuan ($ 33.3 billion) with an average growth rate of 12-15%. To be able to sustain this pace and to become technologically independent, National manufacturers of bearings need to move from simple low and standard quality bearings, (which now is mainly sold by the bulk and volume), into the production of bearings with accuracy class of P5 and above.