Xie Zhenhua, vice-minister of National Development and Reform Committee (NDRC), China's top economic planner. The remanufacturing industry is the industrialization of renovating and reforming waste and old products through high technology, so energetically developing remanufacturing industry is a key way to actualize recycling industry, efficient use of energy, reduction of emission and sustainable development, the vice minister noted. China develops its own manufacturing engineering on the basis of maintenance engineering and surface engineering, mainly applying service life evaluation technology, compound surface engineering technology, nanometer surface technology and automation surface technology, none of which has been applied in foreign remanufacturing industry yet. With same quality as new products, remanufactured products can save 50 percent costs, 60 percent energy and 70 percent raw materials. Comprehensive utilizing information technology, nanotechnology and biotechnology, remanufacturing industry makes the most effective use of the potential value in waste and old materials, Xu Binshi, academician of China Engineering Academy, said. With fast increase of various social inventories including automobiles, engineering machinery and machine tools, China's remanufacturing industry shows huge development potential, Vice minister Xie added. Goals concerning energy saving and emission reduction from 2006 to 2010 set by the central government should be achieved within the year, according to a series of policies issued by the State Council recently. In May, output growth rate of six major highly energy-consuming industries in China was down by 2.1 percent compared with April. Achievements have been made in energy saving and emission reduction.

External Link