The present invention provides a process for preparing methanol, dimethyl ether, and low carbon olefins from syngas, wherein the process comprises the step of contacting syngas with a catalyst under the conditions for converting the syngas into methanol, dimethyl ether, and low carbon olefins, characterized in that, the catalyst contains an amorphous alloy consisting of components M and X wherein the component X represents an element B and/or P, the component M represents two or more elements selected from Group IIIA, IVA, VA, IB, IIB, IVB, VB, VIB, VIIB, VIII and Lanthanide series of the Periodic Table of Elements. According to the present process, the syngas can be converted into methanol, dimethyl ether, and low carbon olefins in a high CO conversion, a high selectivity of the target product, and high carbon availability.