Manufacturing bounced back to a five-month peak in February, supported by stronger exports, easing concerns about a possible contraction.
China will cut energy consumption by 21 percent by 2015 and will shut down inefficient companies in more than 10 industries because of overcapacity, high energy consumption, and pollution.
The move came as the Chinese Ministry of Industry and Information Technology published a list of 2,255 factories nationwide to slash obsolete metal-output capacity.
China's polysilicon industry, the biggest supplier to solar-panel manufacturers worldwide, has idled almost one-third of production and may keep the plants closed until prices recover from a 60 percent plunge.
China's growth in energy demand is expected to drop to 1.9 percent a year between 2021 and 2030 from the average annual increase of 9 percent in the decade ended 2010, according to Christof Ruehl, group chief economist at BP PLC.
Ministry of Science and Technology of the People Republic of China announced that China National Silicon Steel Engineering Technology Research Center has formally settled in Wuhan Steel.
Senior leaders of the Communist Party of China (CPC) agreed on Monday China shall continue proactive fiscal policies and prudent monetary policies in 2012.
China is expected to overtake the United States to become the world's largest diamond-consuming country in 2016, Ari Epstein, chief executive officer of Antwerp World Diamond Center (AWDC), said Friday.
Taiwan exported US$3.648 billion of machine tools in the first 11 months of 2011, up 36.9% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
According to the Ministry of Industry and Information Technology (MIIT), the Twelfth Five Year Plan (2011-2015) of industrial energy saving will be established soon, Shanghai Securities News reported on Monday.
China will raise export tax rebate rates on a series of products including high-tech and high value-added goods and labor-intensive goods this year, when the time is appropriate, said Zhong Shan, vice-minister of commerce.
Strong auto sales and growing business investment in machinery and other equipment are keeping factories busy and helping the economy grow.
iAbrasive, a online B2B trade platform focusing on the e-commerce of abrasives, abrasive products and diamond tools, indicates that World power tool demand is forecast to increase 4.5 percent annually through 2016 to $28.1 billion.
iAbrasive indicates that e-commerce has become the new outlet for domestic abrasives industry to cope with the challenges of economic globalization.
iAbrasive, known as a professional market place for abrasives only, announced that the company recently conducted a survey indicating that the production of China superhard abrasives ranked among the top of the world in 2013.
iAbrasive indicates that e-commerce will boost the brand-building process of the abrasive companies in China, with the globalization of the abrasive industry.
iAbrasive shows that Chinese abrasive will take up a share of 1/3 in the global market in the coming two years.
iAbrasive currently conductes a market survey which indicates that the global silicon carbide consumption will reach 2.37 million tons in 2019 with an annual growth rate of 14.5%.
iAbrasive, a well-known online trade platform for abrasives, abrasive products and diamond tools, recently indicates that the price of coated abrasives may go up due to the decline of the cotton production in China.
Currently iAbrasive releases a report on its website that China will own its key technology and equipment in silicon carbide semiconductor industry.
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