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Economy

China invests $30b in emission cutting in 5 yrs

(Xinhua)
Updated: 2010-11-23 11:06
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BEIJING?- The Chinese government has allocated a total of 200 billion yuan ($30.1 billion) from its central budget for energy conservation and emission cutting from 2006 to 2010, said an official?at China's top economic planning body on?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 has made breakthroughs in the scale, technological level, and commercial modeling of the country's green industries, said He at a?news 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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