Under the worldwide circumstances of slow growth in the first quarter, the domestic investment demand and consumer demand didn’t show a good operating situation. However, the general machine components industry wasn’t overwhelmed by the economic downturn but gradually having its economy grown, due to the support from equipment manufacturing industries such as Automobile, High-speed Rail, Aerospace, Nuclear Power, Wind Power, Shipping. On the other hand, transformation and upgrading also laid a good foundation for further development of the whole industry.

In the first quarter, the total output value of general machine components industry has reached to 79.5 billion CNY, 3.9% increased compared with the same period in last year, within which Gears, Fasteners, and Chain Drives showed a good developing tendency while Springs, Powder Metallurgy, etc maintained the same development situation in last year.

The total Import & Export Value of general machine component industry reached to 7.096 billion USD, 0.3% decreased compared with that of last year, due to the large decrease of import volume. The Import Value was 4.05 billion USD, 6.8% decreased compared with that of last year, within which the import value of Gears, Fasteners and Chain was negative. And the Export Value was 3.044 billion USD, 9.8% increased compared with that of last year. It is necessary to mention that the export value of Gears has slightly decreased, but the export value of Fasteners and Chains increased.