Wafangdian Bearing Industrial Clusters Expect to Exceed CNY 50 Billion in 2012
Bearing industry is the largest leading industry in Wafangdian. At present, there are over 500 bearing enterprises in the city. In these years, Wafangdian bearing industry has advanced by leaps and bounds through adjusting the bearing industrial structure, encouraging business innovation and offering preferential policies to enterprises around bearing competitive industries . In 2011, the bearing sales revenue of Wafangdian was of CNY 28.6 billion, accounting for 20.6 percent of Chinese bearing sales revenue. In order to achieve the target of CNY50 billion, To promote the bearings throughout China and in globe, Wafangdian municipal party committee and municipal government increase efforts in policy, funding, and personnel etc to support bearing enterprises, and help enterprises build a technology platform and service platform.
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