China invests $30b in emission cutting in 5 years
Updated: 2010-11-22 22:59
(Xinhua)
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MixxBEIJING - The Chinese government has allocated a total of 200 billion yuan ($30.12 billion) from its central budget for energy conservation and emission cutting from 2006 to 2010, said an official with China's top economic planning body Monday.
The fund was expected to generate a total non-government investment of two trillion yuan, said He Bingguang, a senior official of the Department of Resource Conservation and Environmental Protection at the National Development and Reform Commission.
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From 2006 to 2010, China had made breakthroughs in the scale, technological level, and commercial modeling of the country's green industries, said He at a press conference concerning the International High-tech Exhibition of Green Industries and Green Economy, to be held in Beijing starting Wednesday.
The four-day event will be attended by 127 participants, 85 of which are foreign-funded firms.
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