Status quo of Chinese pump and valve industry

　　As the main component of China's machinery industry, the pump and valve manufacturing is a basic industry providing technical equipments for the development of national economy and defense. China's pump and valve industry, over the past 50-odd years, has witnessed a tough beginning and laborious development, but has scored tremendous achievements.

　　So far, China boasts more than 3000 pump manufacturing companies, which can produce over 2200 kinds of pumps in 15000 specifications. Annual total industrial output is more than 50 billion RMB. The unit price of a pump varies from more than 100 million RMB of a nuclear power station pump to 6 RMB of a car washing pump. In 2005, there were more than 800 water pump manufacturing companies above medium scale nationwide, employees are 225,000 and the annual total industrial output reaches 38,082 million RMB, increased by 29.4% compared with the same period of last year; Export trade value was 5,685 million RMB, increased by 5.3% compared with the same period of last year. On the whole, the exports of pump products take up 20.5% of the whole general mechanic manufacturing industry. Already there are more than 4000 valve manufacturing companies at present, of which there are nearly 100 enterprises whose output value exceed 100 million RMB, and nearly 200 enterprises whose output value exceeds 50 billion RMB. They can produce valve products more than 3000 types and 4000 specifications; the variety contains floodgate valve, stop valve, choke valve, tap valve, ball valve, butterfly valve, diaphragm valve, non-return valve, safe valve, relief pressure valve, dredges water valve and other pumps, totally 12 main classes. The statistics show, by the end of 2005, there were more than 1200 valve manufacturing company whose annual sales income is above 5 million RMB in the whole country; finish the total industrial output value of more than 5 billion RMB together, increase by 61% compared with the same period of last year; Total profit is 3 billion RMB, increase by 77% compared with the same period of last year; Both imports and exports value reach more than 2 billion U.S. dollar, increased by more than 70% compared with the same period of last year; It is estimated that the all industry total output should be above 60 billion RMB.

　　In recent years, especially China's adoption of the reform and opening policy in 1978, the pump and valve industry, as the main component of China's machinery industry, has developed at full speed, and provided reliable guarantee for the sustained, sound and rapid development of national economy. China's pump and valve industry, through digesting and absorb of the advanced technology, dependent innovation, tackling of key scientific and technical problems and technology improvement, has improved the products quality and scientific content tremendously. The general production ability and level has been much improved and a powerful manufacturing system has been formed. The economic output of the pump and valve industry has plays a significant role in the whole equipment manufacturing. The products are applied extensively in such fields as the electricity, petrochemical industry, metallurgy, environmental protection, infrastructure construction, and a lot of products have reached the advanced international level. In the following 5 years, with the fast development of China's and international economy, the great input in every large project of every trade such as diversion works, electricity, petroleum, gas, chemical industry, coal, ethylene, chemical fibre, nuclear power station etc., China pump and valve industry has enormous market potential, will welcome an unprecedented development space. China will not merely become the hot pot in the world for pump and valve industry's giants running after in the market and also will become the protagonist who can control the world pump and valve market.

　　Chinese pump and valve industry will welcome a more glorious and brighter future.