According to statistics released by The China Machine Tool And Tool Industry Association recently, from January to May 2021, the operating income of key enterprises in contact increased by 52.8 percent year-on-year, and by more than 30 percent compared with the same period in 2019. The total profit turned into profit from the losses of the previous two years. New orders for metalworking machines rose 52.9 percent year on year, and orders on hand rose 33.7 percent year on year. The output of metal cutting machine tools of enterprises above designated scale was 253,000 units, up 48.8% year on year. The output of metal forming machines was 85,000 units, up 19.7% year on year. In Japan, according to the data released by the Japan Work Machinery Industry Association (Japanese Union) on July 12, the order volume of Machine tools (quick report value) in January-June 2021 was 702.1 billion yen, up 71.2% year on year. Equipment investment in the automotive and semiconductor sectors has been expanding, with orders for machine tools exceeding the january-June period of 2019 (681.9 billion yen) before the spread of COVID-19. Following China, investment in Europe and the US has also increased, driven by economic policies and accelerated vaccination. The monthly order volume in June was 132.1 billion yen, up 96.6% year on year. It has exceeded the previous year’s performance for eight consecutive months, and the monthly order volume has reached the highest level since December 2018. Domestic demand grew 91.5 percent year-on-year in June, turning positive for the first time in three months. “It is expected that the investment of small and medium-sized companies will increase in the context of the COVID-19 subsidy from the Japanese government,” said a Japanese labor union official.