Machinery industry is expected to inertia in the second quarter of growth. In 2013, according to machinery industry federation data machinery industry revenue of 20.42 trillion yuan, up 13.84% from a year earlier, key link enterprise cumulative orders rose 10.19% year-on-year, total profits of 1.41 trillion yuan, up 15.56% from a year earlier, before continuing the weak recovery. We expect the second quarter 2014 machinery industry due to the hysteresis inertia will still rise, but in the second half by the conduction of downstream demand, could re-enter the downward cycle. Expects 2014 machinery industry income year-on-year growth of around 10%, compared with 2013 will be declined.