Through 50 years’ development, especially the sustained, rapid and stable development after the reform and opening up policy, China Bearing Industry has formed a large scale of production. After 1990, economic sectors of China Bearing Industry had undergone profound changes. Many state-owned enterprises made considerable progresses. They are still the backbone of the bearing industry. Due to the flexible systems, the fair market competition, the country’s reform and opening up policy and the favorable locations, many private enterprises in Jiangsu and Zhejiang Provinces develop rather quickly and expand their business in a short period of time. They take up most of the general bearing market and some of them try their best to enter the market for high-end products.

Meanwhile, world’s major bearing companies have entered China to form the joint ventures. Besides, the private companies get much progress. As a result, the proportion of state-owned enterprises is decreased year by year. With the deepening of the reform of property rights system, the proportion of state-owned enterprises will be further reduced, while the proportion of private enterprises will be further improved.

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