During the 12th Five-Year Plan period, driven by application demands, China's fan industry has maintained rapid growth over the past decade or so. In the middle and later stages of the 12th Five-Year Plan, China's economic growth rate slowed down significantly due to multiple domestic and international factors. The fan industry was also affected. The market demand remained weak, there was overcapacity, the internal competition pressure within the industry increased, the profit levels of enterprises continued to decline, and costs kept rising. The fan industry is undergoing unprecedented tests.