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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><B><FONT STYLE="font-size: 18pt"><BR>
</FONT><FONT STYLE="font-size: 10pt">Washington, DC 20549 </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of The Securities Exchange Act of 1934<BR>
Date of Report (Date of earliest event reported): </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>March 23, 2012</B>&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CHINA RECYCLING
ENERGY CORPORATION</B></FONT><B><FONT STYLE="font-size: 18pt"><BR>
</FONT><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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    <TD STYLE="width: 30%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; font-weight: bold; text-align: center">000-12536</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; font-weight: bold; text-align: center">90-0093373</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in">&nbsp;</TD>
    <TD STYLE="padding-right: 0.1in; padding-left: 0.1in; text-align: center">(IRS Employer Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">12/F, Tower A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Chang An International Building</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No. 88 Nan Guan Zheng Jie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Xi An City, Shan Xi Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">China 710068<BR>
<FONT STYLE="color: black"><B>&nbsp;(Address of principal executive offices, including zip code) </B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(86-29) 8769-1097<BR>
<FONT STYLE="color: black"><B>(Registrant&rsquo;s telephone number, including area code) </B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Not Applicable<BR>
<B>(Former name or former address, if changed since last report.) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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):</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></P>

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    <TD STYLE="width: 84px; font-weight: bold">Item 1.01.&nbsp;</TD>
    <TD STYLE="font-weight: bold">Entry into a Material Definitive Agreement</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 23, 2012, Xi&rsquo;an TCH Energy
Technology Co., Ltd&nbsp;&nbsp;(&ldquo;Xi&rsquo;an TCH&rdquo;), a wholly owned subsidiary of China Recycling Energy Corporation
(the &ldquo;Company&rdquo;), entered into a Working Capital Loan Agreement (the &ldquo;Loan Agreement&rdquo;) with Bank of Xi&rsquo;an,
South City Branch (the &ldquo;Lender&rdquo;), whereby the Lender agreed to loan RMB 30,000,000 (approximately $4,761,905) to Xi&rsquo;an
TCH for a term of one year from March, 2012 to March, 2013. (the &ldquo;Loan&rdquo;) The monthly interest rate of the Loan is
0.60133%. Xi&rsquo;an TCH is required to make monthly interest payments on the 20<SUP>th</SUP> of each month during the term of
the Loan Agreement. The Loan Agreement contains standard representations, warranties and covenants, and the Loan is guaranteed
by Shaanxi Trust Re-guarantee Co., Ltd. and Mr. Guohua Ku, Chief Executive Officer and Chairman of the Board of the Company.&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: center">China Recycling Energy Corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: March 28, 2012</TD>
    <TD STYLE="text-align: center; vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; border-bottom: black 0.75pt solid; margin-bottom: 0pt; text-align: center">/s/
David Chong</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">David Chong, Chief Financial Officer</TD></TR>
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{"company-data": {"conformed-name": "CHINA RECYCLING ENERGY CORP", "cik": "0000721693", "assigned-sic": "7389", "irs-number": "900093373", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34625", "film-number": "12719877"}, "business-address": {"street1": "12TH FLOOR, TOWER A, CHANG AN INTL BLDG", "street2": "NO. 88 NAN GUAN ZHENG XIE", "city": "XI AN CITY, SHAN XI PROVINCE", "state": "F4", "zip": "710068", "phone": "86-29-8765-1097"}, "mail-address": {"street1": "12TH FLOOR, TOWER A, CHANG AN INTL BLDG", "street2": "NO. 88 NAN GUAN ZHENG XIE", "city": "XI AN CITY, SHAN XI PROVINCE", "state": "F4", "zip": "710068"}, "former-company": [{"former-conformed-name": "CHINA DIGITAL WIRELESS INC", "date-changed": "20040810"}, {"former-conformed-name": "BOULDER ACQUISITIONS  INC", "date-changed": "20020430"}, {"former-conformed-name": "BOULDER BREWING CO", "date-changed": "19920703"}]}
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
March 23, 2012
CHINA RECYCLING
ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
000-12536
90-0093373
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
12/F, Tower A
Chang An International Building
No. 88 Nan Guan Zheng Jie
Xi An City, Shan Xi Province
China 710068
(Address of principal executive offices, including zip code)
(86-29) 8769-1097
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
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):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement
On March 23, 2012, Xi'an TCH Energy
Technology Co., Ltd  ("Xi'an TCH"), a wholly owned subsidiary of China Recycling Energy Corporation
(the "Company"), entered into a Working Capital Loan Agreement (the "Loan Agreement") with Bank of Xi'an,
South City Branch (the "Lender"), whereby the Lender agreed to loan RMB 30,000,000 (approximately $4,761,905) to Xi'an
TCH for a term of one year from March, 2012 to March, 2013. (the "Loan") The monthly interest rate of the Loan is
0.60133%. Xi'an TCH is required to make monthly interest payments on the 20
th
of each month during the term of
the Loan Agreement. The Loan Agreement contains standard representations, warranties and covenants, and the Loan is guaranteed
by Shaanxi Trust Re-guarantee Co., Ltd. and Mr. Guohua Ku, Chief Executive Officer and Chairman of the Board of the Company.
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 Recycling Energy Corporation
Date: March 28, 2012
/s/
David Chong
David Chong, Chief Financial Officer