With the implementation of "made in China 2025", after the low period of 2015, the general parts industry of our country has entered the benign development period of steady rise, and also ushered in a rare development opportunity period.
In 2017, the economy of the general machinery parts industry has achieved an overall recovery and steady growth, and reached the highest level in four years.
Take the chain drive industry, for example, which rebounded in 2017 to hit a three-year high, with many companies having ample orders and busy production. According to the introduction, including gears, fasteners, chains, springs,lazy susan beaing, powder metallurgy, transmission connectors, the annual output value of the whole universal parts industry will reach 389.5 billion yuan in 2017.
Imports and exports are also in a period of good growth since the bottom of 2015, with exports of US $13.684 billion and imports of US $20.496 billion, an increase of 9.6% and 12.84% respectively over 2013.