8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934 

Date of report (Date of earliest event reported): September 8, 2008

CHINA WIND SYSTEMS, INC.

(Exact name of registrant as specified in Charter)

Delaware	33-16335	74-2235008
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(IRS Employee Identification No.)

No. 9 Yanyu Middle Road

Qianzhou Village, Huishan District, Wuxi City

Jiangsu Province, People’s Republic of China

(Address of Principal Executive Offices)

(86) 510-8339-7559

(Registrant’s Telephone number)

Copies to:

Asher S. Levitsky PC

Sichenzia Ross Friedman Ference LLP

61 Broadway, 32^nd Floor

New York, New York 10006

Phone: (212) 981-6767

Fax: (212) 930 - 9725

E-mail: alevitsky@srff.com

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.Regulation FD Disclosure.

On September 8, 2008, China Wind Systems, Inc., a Delaware corporation (the “Company”), announced that it had signed a letter of intent to supply certain shafts and gear rims for use in 1.5 megawatt gearboxes to Hangzhou Advance Gearbox Group Co. Ltd. A copy of the press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

99.1 Press release dated September 8, 2008, issued by China Wind Systems, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	China Wind Systems, Inc.
Date: September 9, 2008	By:	/s/ Adam Wasserman
		Adam Wasserman
		Chief Financial Officer

EX-99.1

Exhibit 99.1

Company Contact:	Investor Relations Contact:
Mr. Leo Wang	Mr. Crocker Coulson
Vice President, Finance	President
China Wind Systems, Inc.	CCG Investor Relations
Tel: +1-917-455-7735	Tel: +1-646-213-1915 (NY Office)
E-mail: leo.wang@chinawindsystems.com	E-mail: crocker.coulson@ccgir.com
Website: www.chinawindsystems.com	Website: www.ccgir.com

FOR IMMEDIATE RELEASE

China Wind Systems, Inc. Signs Letter of Intent to Supply Wind Power Components to Hangzhou Advance Gearbox Group Co. Ltd.

Wuxi, Jiangsu Province, China - September 8, 2008 - China Wind Systems, Inc. (OTC Bulletin Board: CWSI.OB) (“China Wind Systems” or the “Company”), which supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China, today announced that it has signed a letter of intent to supply shafts and gear rims for use in 1.5 megawatt (MW) gearboxes to Hangzhou Advance Gearbox Group Co. Ltd (Hangzhou Advance Gearbox Group) —one of the top three gearbox manufacturers in China.

Under the terms of the agreement, China Wind Systems will complete two shafts and five gear-rim prototypes based on Hangzhou Advance Gearbox Group’s technical specifications. Upon successfully passing the inspection phase, Hangzhou Advance Gearbox Group is expected to purchase shafts and gear rims from China Wind Systems in 2009 for use in its 1.5 MW gearboxes. Hangzhou Advance Gearbox Group’s current manufacturing capability is 500 gearboxes per year, and total tonnage of shafts and gear rims in a gearbox is approximately 30-35 tons. The current average selling price per ton of forged products in a gearbox is RMB 15,000 (approximately $2,195). Orders under the LOI are contingent on successful delivery of the prototypes and subject to negotiation as to pricing, quantities and terms of delivery.

“We look forward to fulfilling Hangzhou Advance Gearbox Group’s need for precision wind components by supplying the company with high-quality shafts and gear rims. We are very pleased with our progress in transitioning to a wind-power components manufacturer, and hope to enter into more purchase agreements as we complete our trial production phase,” said Mr. Jianhua Wu, chairman and CEO of China Wind Systems. “Forged products sales are expected to exceed $9.0 million, which is approximately 50% of projected total revenues in the fourth quarter of 2008. In addition, we are also currently in talks with a number of potential customers and feel confident that we will secure more orders in the coming months. This could boost sales of our forged products for use in the wind power industry to $40 million in 2009, which will account for more than 50% of our total revenues,” Mr. Wu said.

About China Wind Systems, Inc.

China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China.With its newly finished state-of-the-art production facility, the Company is expected soon to significantly increase its shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries. For more information on the Company, visit http://www.chinawindsystems.com. Information on the Company’s Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

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