Green Expo Promotes Eco-Tech
    2010-11-24 20:54:26     CRIENGLISH.com      Web Editor: Zheng Zhi
 

The opening ceremony of China International Green Industry Expo 2010, attended by high-level officials from both China and other countries including Chinese Vice Premier Li Keqiang, kicks off on Wednesday, Nov.24,2010 in Beijing. [Photo: CRIENGLISH.com]

A dazzling display of new eco-friendly technologies and concepts, including hybrid vehicles, garbage-powered generators, bottles made from plants and green buildings, are among the highlights of the China International Green Industry Expo 2010 in Beijing.

As part of the Chinese government's efforts to further advance the development of the country's green economy, the four-day exposition jointly staged by 12 Chinese ministries started on Wednesday.

The expo is intended to display the latest achievements in the green industry on a global scale, while showcasing the developments of China's own green industry. It also highlights the increasingly intense cooperation between Chinese and foreign firms in eco-friendly business ventures.

Martec Recycling Corp., a Canadian road recycling firm, is among the more than 200 companies from 25 countries and regions that are participating in the expo. The equipment produced by Martec helps save up to 70 percent of the cost of road repairs, according to company Chairman Mostafa Joharifard.

Joharifard said he was very confident about the prospects of China's green market as the country attaches greater importance to developing a green economy and gradually shifts from mass road building to large-scale road repairs.

"I think the Chinese market is the best market in the world, because China has proved to the whole world that it is serious," Joharifard said. "You have already invested a lot of money, more than any other country-billions of dollars-in green industries."

Martec has teamed up with the China National Construction Machinery Corp., one of the country's leading machinery manufacturers, to tap the potential of China's green industry market.

At a time when the Chinese government has accelerated its efforts to transform its economic growth pattern and proactively build an environmentally friendly society, a growing number of domestic financial institutions have started providing special assistance to small and medium-sized enterprises committed to developing green products. The services the banks are providing have come to be known as "green finance."

"Although small enterprises have technologies, they lack sufficient capital," said Zhu Ping, Senior Councilor at the Bank of Beijing. "We are trying to support them, because the green industry will benefit our offspring. We have long been cooperating with international financial companies to provide emissions reduction-related loans, which have facilitated the development of many Chinese small firms."

During the expo, politicians from key countries, famous experts, scholars and business executives plan to attend a forum focusing on how the green economy will lead the future development of the world. The expo will also help to facilitate distinct business promotions and business-to-business meetings.

In 2009, China promised to reduce its carbon dioxide emissions per unit of gross domestic product by 40 percent-45 percent by 2020 from the 2005 levels, while increasing the amount of non-fossil fuels in primary energy consumption to around 15 percent by 2020.

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