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China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry.

The Ministry of Industry and Information Technology is expected to deliberate on plans by three Chinese rare earth companies to consolidate the rare earth industries this week, Shanghai Securities News website reported Tuesday.

Chinese steel companies produced a record amount of crude steel in the first nine months, despite the government's efforts to thin the sector, according to an industrial report on Wednesday.

China will no longer grant permission for new coal mining projects with designed annual capacities of below 300,000 metric tons, as authorities plan to take more steps to trim excess capacity in the sector, top industry officials said on Tuesday.

Affected by weakening domestic demand and falling prices, private-sector steel producers fell out of the top 10 positions on the top 500 private companies list, which was released by the China Non-government Enterprise League on Sunday.

SunEdison Inc, a leading United States-based solar developer, has signed its second joint-venture project in China, which one leading analyst expects to mark a significant expansion by the company into the world's largest downstream solar market.

China's installed wind power capacity will reach 100 million kilowatts by the end of 2014, a year ahead of the scheduled targets for the year outlined in the

China's outbound investment in mining assets rose 83 percent to $24.8 billion last year on the back of the nation's growing appetite for commodities, industry experts said on Monday.