In the coming years, China will mainly focus on increasing domestic demand, and will make the precision shaft and other basic machinery casting industries with strong driving force and significant radiation effects a key industry for the development of the 12th Five Year Plan, striving to achieve or approach international advanced levels. And with policy support, by 2015, the sales revenue of the high-end bearing casting industry should reach around 222 billion yuan.
Based on the fact that China's high-end bearings are lagging behind, the "Plan" clearly proposes to fully leverage the guiding role of industrial policies, raise industry entry barriers, curb low-level redundant construction, and provide financial and tax support policies to provide a solid foundation for the complete localization of China's major equipment manufacturing. We have reason to believe that in the near future, the domestic high-end bearing casting industry will be able to support the important task of domesticating major equipment in China, taking into account the important mission of localizing high-end equipment in our country and the outstanding research and development, casting, and innovation capabilities of Axis Research Technology.