On the afternoon of March 16, 2013, Xinchang County Bearing Industry Association's fourth session of the second council meeting and the bearing industry situation analysis report was held in Baiyun Mountain Villa. Zhou Yu, Secretary-General of the Axial Axis Association, leaders of the County Axis Association, heads of member companies, etc. 120 people attended the meeting. The meeting summarized the work of the association in 2012, put forward the work ideas for 2013, and invited Secretary-General Zhou Yu to make an analysis report on the economic situation.

        The first half of the meeting was presided over by the 2012 Executive Chairman Wang Benshan. Chairman Zhang Summit made a summary of the work. 2012 is the first year of the fourth council of the association. It is also an important year for the association’s work. With the joint support and participation of all the directors, the work of the association has smoothly progressed after the change of term. "Strengthen quality and management improvement work, strengthen regional brand and corporate brand building, strengthen industry talent cultivation, strengthen internal and external exchanges and cooperation within the industry, and strengthen the association's own services" and launched a series of activities beneficial to the development of the industry and enterprises. Then Secretary-General Yang Chuming reported on the financial income and expenditure, and Deputy Secretary-General Zhao Wei announced the list of outstanding correspondents and statisticians of the Association.

After the executive chairman handover ceremony, the conference was presided over by the 2013 executive chairman Wang Renfeng. First, Chairman Shang Fangjun introduced the work ideas of the association this year. Facing the new macro environment, the industry will usher in new challenges and opportunities. The association will focus on "improving the quality of products in the industry, increasing contacts within and outside the industry, and strengthening regional brand building. Enriching industry training and improving the association's own services" and other key tasks to better serve industries and enterprises.

        Subsequently, the Secretary-General Zhou Yu of the China Bearing Industry Association, at the invitation of the Association, gave an analysis report on the economic situation with the topic of "Current Economic Situation Trends and Enterprise Response Measures" at the meeting. He first introduced and analyzed the situation of several major economies in the world. From the current point of view, the U.S. economy will not see a big improvement but will not continue to dive; the EU’s economic weakness will continue for a long time; Japan is an export-oriented economy. The economy is typical, the economic situation will be between the United States and the European Union, and there will be moderate development; new economic development entities such as India and Brazil are affected by inflation. Looking forward to the international economic situation: the international economic crisis will continue; the international trade, investment and employment situation has eased but is still not optimistic; the US dollar will depreciate in the medium and long term; a new round of global inflation is inevitable; the global industrial structure adjustment will accelerate, mainly The proportion of the real economy will rise, the proportion of new industries in the global economy will rise, and the international status of new economic powers will rise; the fiscal deficits and debt burdens of the world's major economies will afflict the economic development for some time to come. Subsequently, Secretary-General Zhou Yu analyzed the domestic economic development situation. After more than 30 years of four rounds of rapid growth, the era of high economic growth in China has come to an end. In particular, the Chinese manufacturing industry is facing the difficult situation of competition incentives and overcapacity. From the perspective of the bearing industry, foreign bearing giants are accelerating domestic investment, not only aiming at the high-end market, but also preparing to seize the middle and low-end markets. China's bearing industry cannot wait for the situation to improve, and the bearing industry will no longer have opportunities for rapid growth. We must seek a breakthrough. In the face of numerous difficulties, if an enterprise wants to survive and develop, it must increase investment in science and technology, increase investment in research and development, and accelerate the pace of structural adjustment and transformation and upgrading, so that there is a way out for product upgrades.

        At the end of the meeting, Yang Lin, deputy governor of the County Cooperative Bank, and Wang Manzhi, general manager of Xinchang Pudong Development Bank, respectively delivered speeches on bank-enterprise cooperation.

        At 5 pm, the second council meeting of the fourth session of Xinchang County Bearing Industry Association came to a successful conclusion. Facing the new macro environment, facing new difficulties and challenges, we must inherit and carry forward Xinchang Bearing's industry spirit of "hard work, pioneering and innovative", change our concepts, change development thinking, and create new innovations under the new economic situation. The situation, to achieve new development.