Abstract
With the development of computer, electronics, communication and modern information industries, NdFeB magnet industry is growing rapidly as a booming business worldwide. Due to the advantages of rare earth, manpower, technical teams and huge domestic market China NdFeB magnet industry made a big jump during the last decade. Its growth rate is the highest one among all other countries. The current situation of NdFeB magnet industry can be concluded as "Five Highs", i. e. "High volume growth", "High grade development", "High expansion of capacity", "High value added product" and "High Variation speed". The connotations of these "Five Highs" and an updated review on Chinese rare earth industry will be given in this paper.
