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China's manufacturing PMI came in at 51.6 in October, falling from 52.4 in September but standing above the boom-bust line for a 15th straight month.

China's move came after US President Donald Trump signed two proclamations on Thursday to levy a 25 percent tariff on steel and a 10 percent tariff on aluminum while offering potential exemptions for Canada and Mexico. Trump said the penalties may "go up or down depending on the country, and I'll have a right to drop out countries or add countries".

China's efforts to expedite the rollout of new infrastructure including 5G, artificial intelligence and the industrial internet will lay a sound digital foundation for high-quality growth and upgrading the nation's sprawling manufacturing industry, legislators and political advisers said.

China's machinery manufacturing sector saw an encouraging recovery in 2017 with the nation's 25 major machinery manufacturers reporting sales of 140,303 excavators in total, soaring 99.5 percent.

China's economy shrank 6.8 percent year-on-year in the first quarter as the virus outbreak dealt a huge blow to economic activity. While the epidemic has been basically brought under control domestically, economic activities remain on the road to recovery.