Abstract
Report Scope and Methodology
This report introduces China' s macroeconomic trends, business environment,
gears industry structure and capacity, production and demand, major producers,
potential entrants, distribution channels and major industry participants. It
includes outlook for major gear productions. Tables and charts are contained
in the report. Key producers are listed and profiled. Major trading companies
and research institutes are also listed and /or profiled.
Both primary and secondary research was done in China in order to access
up-to-date government publications, market information and industry data. Data
were collected from the Chinese government publications, Chinese language
newspaper and magazines, Chinese gear industry associations, gear industry
publications. Interviews with Chinese industry experts, university professors
and gear producers in China were conducted for this report.
Historical data include 1996, 2001 and 2006. Long-term development trends are
projected to the years 2011 and 2016. Economic models and quantitative methods
are applied in this report to project market demand and industry trends.
Metric system is used and values are presented in either Yuan (RMB, current
price) and/or US dollars. Exchange rate for 2006 is based on the annual
average rate (7.8 Yuan per US dollar). The word "demand" is used
interchangeably with "consumption". Totals may not add due to rounding.
Executive Summary
China has experienced over two decades of high economic growth, which has been
stimulated by the consecutive increases of industrial output, consumer
consumption and capital investment. China' s GDP has been growing at 11% per
annum. National industrial output has been advancing at 10.3% annually and
will continue to sustain a strong growth into the next decade. The
fast-growing middle class is creating an enormous consumer society. As the
fastest-growing economy in the world, the emerging market has attracted the
attention of investors and corporations around the world for the last two
decades.
To deepen the reform of state-owned enterprises is a long-term task and needs
great efforts. The reform of state-owned economy has witnessed rapid changes
in both economic and social aspects. The introduction of foreign advanced
technology and capitals will continue to be favored by the Chinese government
and business community. New ways will be adopted to utilize foreign
investment, including mergers, acquisition, and investment funds and
securities investment. China will continue to improve its investment
environment in the areas of legal system, intellectual property protection,
foreign trade and investment regulation, infrastructure and financial system.
China is the second largest foreign investment recipient after the United
States in the world today. Given its vast market, the country provides
tremendous opportunities for investment and trade both for the present and
future.
View Cart
