25 Sep '11, 9am

Chinese government to invest $406b in low-carbon economy

Chinese government to invest $406b in low-carbon economy

Zong Guoying (right), head of the Tianjin Binhai New Area, shows visitors new technology at the Second China (Binhai Tianjin) International Eco-City Forum and Expo. -- PHOTO: CHINA DAILY TIANJIN (CHINA DAILY/ASIA NEWS NETWORK) - The Chinese government will invest 2 trillion yuan (S$406 billion) in the area of green economy and low-carbon development in the next five years, cutting 16 per cent of per-unit GDP energy consumption compared to 2010, a senior official from China's top economic planner said on Saturday. 'During the Twelfth Five-Year Plan period (2011-15), the Chinese government will boost low-carbon development from 10 perspectives,' Xie Zhenhua, vice minister of National Development and Reform Commission, said at the Second China (Binhai Tianjin) International Eco-City Forum. Promoting circular economy projects, establishing 100 demonstration bases for resource ...

Full article: http://www.straitstimes.com/BreakingNews/ANN/Story/STISto...

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