Sales Volume of Chinese Valves to reach RMB 6.7 Billion in 2010
2009-07-10
According to the No.11 Announcement of 2008 published by the National Development and Reform Commission, 351 new industry standards have been effective since July 1, 2008. Among them, there are 253 mechanical industry standards and 30 valve industry standards. Under the support of national policy, the valve industry has maintained a steady momentum of development for 2008 and 2009. It is predicted that sales of Chinese valves will reach RMB 6.7 billion (around US$ 980 million) in 2010, with total exports of RMB 13.7 billion (around US$ 2.01 billion) and total imports of RMB 24.6 billion (around US$ 3.6 billion).
