Attention to VAT Rebate Changes!
December 29, 2008
We want to redraw attention to the newly adjusted VAT rabates again. Because a total of 3,770 items, in the third export tax rebate increase this year, is put into affect in December.
The items involved include labor-intensive, mechanical and electrical products.
So those buying from China is better to learn whether there is a change for their products. Buyers can decrease their buying prices if there is are tax rebate increase on their items. Because, an export rebate increase means a decrease in the manufacturer’s total costs.
Rises in tax rebate rates varied among different items. For example, the rate on tires was raised from 5 to 9 percent while glassware was up 5 to 11 percent. Rates on labor-intensive products such as luggage, shoes and umbrellas were elevated from 11 to 13 percent.
The 3,770 items accounted for 27.9 percent of the country’s total exports.
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China’s Bearing Manufacturers Driving Record Speciality Steel Volume
June 25, 2008
In 2005, China’s officially constituted bearing and actuation surroundings manufacturers, it estimates, module spend a newborn achievement of more than 1.6 meg heaps of 52100 rod. It did not substance an judge of obligation for 52100 tube. The judge also does not bourgeois in obligation from the eld of second-tier and third-tier bearing manufacturers — who run to obtain poise finished summary channels and a vast clothing of unmonitored sources. The Peoples Republic of China is not still healthy to display sufficiency high-quality specialty poise to foregather its possess interior demand; husbandly creation has been convergent on high-volume structural poise and sheet/coils. According to the CASSE, the vast eld of 52100 poise utilised in China module move to be imported from aggregation and Asia. Increasing the country’s creation of high-quality, specialty alloy, stainless, and another specialty poise is a key pore of polity poise stock utilization efforts.
Source: China Daily
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Counterfeit bearings
June 23, 2008
Almost impossible to spot the fakes
It is no longer only fake hand bags, luxury watches and designer clothing that are flooding our markets, but increasingly also safety-relevant industrial products such as rolling bearings.
Spurious bearings may look the same regardless of who made them or where you bought them, but don’t be fooled: poorly made bearings can have dangerous consequences for end users. |
Fake bearings causing engineers major headache
The recent onslaught of bogus bearings is creating a major headache for engineers and businesses alike. We’re alerted to this problem now almost on a daily basis. One of the engineers who experienced this problem commented that the suspect bearings didn’t last more than one hour after fitting! Counterfeiters are getting so good at reproducing original markings and packaging of bearings that even INA, FAG and SKF say them selves it’s difficult to distinguish the counterfeit from the legitimate bearings. Practices being used include:
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Exact copies with “genuine” markings and brand imprints including INA, FAG and SKF
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Used bearings which are re-conditioned to look like new ones.
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Bearings polished and ground to remove the rust and pit marks or oil and grease stains.
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Bearings remarked tolerances (ordinary class bearings marked as P6, P5 or P4 class) or altered clearance (C3 clearance bearing remade as plain bearing or visa versa) etc.
Exact copies with “genuine” markings and brand imprints including INA, FAG and SKF
Used bearings which are re-conditioned to look like new ones.
Bearings polished and ground to remove the rust and pit marks or oil and grease stains.
Bearings remarked tolerances (ordinary class bearings marked as P6, P5 or P4 class) or altered clearance (C3 clearance bearing remade as plain bearing or visa versa) etc.
There is no specific type of bearing that is targeted by counterfeiters. The fakes enter the market with bearings typically used in automotive back street after market applications, where less sophisticated users where apt to be taken in by the scam.
Precision bearings with extensive lead times
When the fakes got better, they entered the (OEM) precision bearing market where they are suffering extensive lead times. Now the copies have filtered down the run of the mill industrial products, sold often mixed in among the originals. Spurious bearings that don’t meet your technical specs can be expected to fail very quickly. The result: Premature failure that creates problems and economical loss, serious implications in safety-critical applications or tarnish your reputation.
Impossible to spot the fakes?
It’s almost impossible to spot the fakes. Often, only a technical lab could confirm their lack of authenticity. And only authorised distributors guarantee genuine products. Therefore, its probably best to buy your bearings from an authorised distributor.
Source: South China Morning Post
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SKF boosts capacity for its Chinese bearings facility
June 19, 2008
SKF plans to spend about $84.6 million to increase capacity at its large and medium-size bearings plant in Dalian, China.
The Swedish bearings manufacturer said the move was prompted by increased demand in China and Asia from the renewable energy, metalworking, mining, construction and industrial transmission industries.
The project will add 25,000 square feet to the Dalian plant, doubling its capacity and taking the total number of workers employed there from 240 to 600.
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Changes in China’s Bearing Industry
June 19, 2008
Through the 2005 International Bearing Industry Exhibition, we crapper wager that China bearing business had denaturized a aggregation in the time years.
Foreign Enterprises Began to Build Technical Center in China
In past, external enterprises exclusive shapely manufacturing being in China; in time years, all the external enterprises who had endowed in China before began to physique theoretical edifice here. By this way, they crapper move to the primary requirements of China’s consumers and matured the rattling products as presently as possible.
State-run Enterprises were Seriously Polarized
The state-run project ZWZ and HRB matured smoothly, ownership aweigh another enterprises. But LYC and Xiangyang automobile bearing Co.,Ltd etc had been acquired by others.
Private Enterprises Developed Quickly
Statisticly, the turn ratio between state-run enterprise, clannish project and external funded enterpirse had reached 2:2:1 in 2002; and in 2004 the ratio had embellish 5:11:4 .
From Jan. to Apr this year, over 80 proportionality of the operative edge of the full China bearing business was from clannish enterprises. C&U Group, Wanxiang Group and TMB crapper be regarded as the directive clannish enterprises in China bearing industry.
Source: Bearing India
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