China to invest 2 trillion yuan in low-carbon economy

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BEIJING | Sun Sep 25, 2011 4:11am EDT

BEIJING (Reuters) - China will invest 2 trillion yuan (about $313 billion) to promote a green, low-carbon economy in the next five years, a senior economic planning official was quoted on Sunday as saying.

The government will promote low-carbon development with a variety of projects during China's current five-year plan which began this year, Xie Zhenhua, vice minister of the National Development and Reform Commission was quoted by the China Daily newspaper as saying.

The green economy plan includes setting up 100 bases for demonstrating resource utilisation and launching low-carbon pilot programmes in five provinces and eight cities, Xie said at the Second China International Eco-City Forum in Tianjin, east of Beijing.

Chinese leaders have often stated their commitment to cutting China's energy consumption and developing green technology.

(Reporting by Terril Yue Jones)
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Comments (3)
fromthecenter wrote:
See what can happen when oil and utility companines don’t on your government. This should be interesting.

Sep 25, 2011 12:52pm EDT  --  Report as abuse
thelaowai wrote:
Great….another stimulus bill for the Chinese economy. Not like their economy is overheated and flooded with easy investment cash or anything.

Sep 26, 2011 11:42am EDT  --  Report as abuse
thelaowai wrote:
Great….another stimulus bill for the Chinese economy. Not like their economy is overheated and flooded with easy investment cash or anything.

Sep 26, 2011 11:42am EDT  --  Report as abuse
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