A few days ago, China Machine Tool Industry Association released the analysis report on the economic operation of the machine tool industry in the first quarter of 2014, pointing out that the machine tool industry generally showed a “low pressure operation†in the first quarter. Affected by multiple factors such as shrinking market demand, foreign brand competition, rising factor costs and continuous low-level operation, the operating quality of industrial enterprises has declined, operational difficulties have intensified, and upward momentum has been insufficient. According to the National Economic Statistics Bureau's economic operation data for January-March 2014, the industry's main business income was 185.5 billion yuan, up 11.7% year-on-year; the industry's main business income profit rate, accounts receivable accounted for the main business income ratio and assets The debt ratios were 5.3%, 46.8% and 53.9% respectively. The fixed assets investment in the automotive, internal combustion engine, construction machinery and other user industries, which are related to the machine tool industry, slowed down or experienced negative growth. Therefore, under the double squeeze of external investment downturn and internal factor cost increase, the industry economic operation pressure increases and the operation quality declines. According to the key enterprise data of China Machine Tool Industry Association, the economic performance in the first quarter of 2014 showed a downward trend. The proportion of enterprises whose sales revenue and industrial products sales decreased by more than 50% year-on-year, the proportion of enterprises with finished goods inventories increased by 50.7%, and the proportion of enterprises whose total profit decreased year-on-year was 50.7%. The market demand continued to be sluggish, and the industry new Both orders and on-hand orders showed negative year-on-year growth. The loss side remained at a high level, and the total profit continued to decline. In terms of import and export, the overall trend of the first quarter was “first drop, then rise and stabilizeâ€. The total import and export volume of machine tools and tools was US$6.05 billion, down 1.13% year-on-year. Under the influence of the decline of the RMB exchange rate and the economic recovery of major international economies, exports showed a trend of recovery. The main commodity sectors for export were cutting tools, abrasives and metals. Cutting machine tools. Exports to the top two are still the United States and Japan, and Vietnam has replaced Germany as the third. Imports continued to decline due to the decline in fixed asset investment, the slowdown in the development of the user industry and the localization of foreign brands. The top three sources of imports were Japan, Germany and Taiwan. For the recent forecast, the report pointed out that due to the impact of the country's macroeconomic policies and market demand, the downward pressure is relatively large, the internal motivation is insufficient, and the overall fluctuations in the low range are presented, and the operation of each sub-sector is intensified. Finally, the report puts forward some suggestions on strengthening the operation monitoring of the industry, coordinating the formulation of relevant economic and trade policies, standardizing the financial environment and optimizing financial investment management.