In September, the Purchasing Managers' Index (PMI) for the manufacturing industry was 49.8%, an increase of 0.7 percentage points from the previous month, indicating a rebound in the manufacturing industry's momentum.

In terms of enterprise size, the PMI for large, medium, and small enterprises was 50.6%, 49.2%, and 48.5%, respectively, an increase of 0.2, 0.5, and 2.1 percentage points from the previous month.

From the perspective of classification indices, among the five sub indices that make up the manufacturing PMI, the production index is above the critical point, while the new order index, raw material inventory index, employee index, and supplier delivery time index are all below the critical point.

China Foundry Association approved and published a group standard. The standardname and standard number is as follows:

TICFA 0005-2024《Technical regulations for construction and acceptance of ductile iron pipeline worksfor water and sewerage applications》 T/CFA 0005 - 2024

Above criteria on October 25. 2024 into effect

To be announced.

China's manufacturing PMI for July was 49.4%, slightly down 0.1 percentage points from the previous month

In July, the Purchasing Managers' Index (PMI) for the manufacturing industry was 49.4%, slightly down 0.1 percentage points from the previous month, indicating a stable outlook for the manufacturing industry.

In terms of enterprise size, the PMI of large enterprises was 50.5%, an increase of 0.4 percentage points from the previous month; The PMI for small and medium-sized enterprises was 49.4% and 46.7% respectively, a decrease of 0.4 and 0.7 percentage points from last month.

From the perspective of classification indices, among the five sub indices that make up the manufacturing PMI, the production index is above the critical point, while the new order index, raw material inventory index, employee index, and supplier delivery time index are below the critical point.

The production index is 50.1%, a decrease of 0.5 percentage points from last month, which is higher than the critical point, indicating a slight expansion of manufacturing production.

The new order index was 49.3%, a decrease of 0.2 percentage points from last month, indicating a decline in demand in the manufacturing market.

The raw material inventory index was 47.8%, an increase of 0.2 percentage points from the previous month, indicating that the decline in inventory levels of major raw materials in the manufacturing industry has narrowed.

The employment index was 48.3%, an increase of 0.2 percentage points from the previous month, indicating a slight rebound in the employment prospects of manufacturing enterprises.

The supplier delivery time index is 49.3%, a decrease of 0.2 percentage points from the previous month, indicating that the delivery time of manufacturing raw material suppliers has been extended compared to the previous month.

Recently, Zhang Jianhua, Director of the National Energy Administration, said that we should continue to promote the transformation and upgrading of energy use, deepen the promotion of electric energy substitution in industries, buildings, transportation, agriculture and other fields, and enhance the guarantee ability of electric vehicle charging services. Strive to increase the electrification level of terminal energy consumption to around 30% by 2025.

On July 5th, the State Council Information Office held a series of themed press conferences on "Promoting High Quality Development". The Ministry of Industry and Information Technology stated that as of the end of June this year, China has cultivated over 140000 specialized, refined, and new small and medium-sized enterprises, including 12000 specialized, refined, and new "little giant" enterprises. Next, we will increase support for the cultivation of specialized, refined, and innovative small and medium-sized enterprises.

China will leverage the role of the National Fund for the Development of Small and Medium sized Enterprises to drive social capital to invest early, small, specialized, and innovative. We will deepen the implementation of the special action on digital empowerment of small and medium-sized enterprises, carry out pilot projects for digital transformation of small and medium-sized enterprises in cities, and strive to achieve full coverage of digital transformation of specialized, refined, and new "little giant" enterprises by 2027.

The latest data shows that from January to May 2024, the mechanical industry achieved a cumulative operating revenue of 11.5 trillion yuan, a year-on-year increase of 1.4%; The total profit achieved was 586.33 billion yuan, a year-on-year decrease of 5.3%.

On May 28, the 2024 Leadership Group (Expanded) Meeting on the Construction of the Power Industry Credit System and the Promotion Meeting for the Power Industry Credit System Construction were held in Beijing. The theme of the meeting was "Building Power Integrity, Enhancing New Industry Quality, and Fully Promoting the High-Quality Development of the Credit System Construction."

The meeting summarized the work of the China Electricity Council in building the credit system for the power industry in 2023, exchanged practices and innovative experiences in power industry credit, and made arrangements to strengthen overall planning and coordination, actively cultivate a power credit culture, continuously expand credit application scenarios, and continuously improve the information sharing mechanism. The aim is to constantly enhance credit service capabilities and promote the construction of the power industry credit system to a new level.

From May 6th to May 9th, 2024, the IEEE PES T&D will grandly open at the Anaheim Convention Center in California. 

The theme of this exhibition is “ACCELERATETHE GRID OF TOMORROW”.

The Pollutant Discharge Permit Management Measures were reviewed and approved during the 4th departmental meeting of 2023 by the Ministry of Ecology and Environment on December 25th, 2023. They are now being announced for public notice and will be implemented from July 1st, 2024.

The Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Ecology and Environment, the People's Bank of China, the State-owned Assets Supervision and Administration Commission of the State Council, and the State Administration for Market Regulation jointly issued the "Guiding Opinions on Accelerating the Green Development of Manufacturing Industry" recently. By 2030, significant progress will be made in the green and low-carbon transformation of China's manufacturing industry. The overall level of green development in traditional industries will be significantly enhanced, the industrial structure and layout will be notably optimized, the proportion of green and low-carbon energy utilization will be significantly increased, the level of comprehensive resource utilization will steadily improve, pollutant and carbon emissions intensity will notably decrease, and carbon emissions will peak. The role of emerging green growth engines in the new industry will be more prominent, with further improvements in scale and quality, a significant increase in the proportion of green and low-carbon industries, continuous emergence of new green integration formats, substantial enhancement of the foundation for green development capabilities, further strengthening of green and low-carbon competitiveness, and green development becoming a solid foundation for promoting new industrialization. By 2035, the intrinsic driving force for green development in the manufacturing industry will be significantly enhanced, with carbon emissions peaking and then declining steadily, and the capacity for carbon neutrality steadily increasing. In addition, the green and low-carbon competitive advantages in the global industrial chain and supply chain will be highlighted, making green development a universal form of new industrialization.