Industrial News
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Global warming threatens China’s burgeoning prosperity by reducing crops, shrinking rivers and unleashing more droughts and floods, The Sydney Morning Herald said, citing the Chinese government’s latest climate-change analysis. Fed by greenhouse gases from industry, transport and shifting land-use, the “Second National Assessment Report...
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China and Germany the world's two countries with the the largest trade surpass have built up strong trade partnerships over the last few years and the growing trade between China and Germany will continue for 2012 and the foreseeable future. In 2009 China pasted Germany to become the world's leading exporter and in 2010 China replaced Japan as the World's...
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China's Reminbi is moving towards becoming a reserve currency as China realise the advantages of challenging the world's most important currency the US$ Dollar. With in the next 5 to 10 years the growing stature of the Reminbi will see it become a credible alternative to supplement the US$ as a global reserve currency.
Today...
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China’s state planning agency ordered seven provinces and cities to set caps on greenhouse-gas emissions in preparation for the launch of local pilot carbon markets, Reuters reported. Beijing, Tianjin, Shanghai, Chongqing and Shenzhen, along with Hubei and Guangdong provinces, were asked by the National Development and Reform Commission to set overall...
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City dwellers in China will be breathing unhealthy air for at least another 20 years despite moves to tighten controls on PM2.5 particulates, The Guardian cited one of the country’s leading haze experts as warning. Wu Dui’s projection – first reported in the Beijing Times – came as Chinese metropolises were poised to begin releasing...
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Authorities in Hong Kong say a second dead bird in a week has tested positive for the lethal H5N1 strain of avian influenza, the Associated Press said. Laboratory tests confirmed that an Oriental magpie robin was found to be infected. Nearly 20,000 birds were culled at a Hong Kong market and the import and sale of live poultry was banned for three weeks after...
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Ending UN climate talks in Durban, negotiators agreed a package of measures that would eventually force all the world’s polluters – including China – to take legally binding action to slow the pace of global warming, Reuters said. The delegates agreed to: a second commitment period under the Kyoto Protocol; the design of a Green Climate...
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Persistent smog blanketed Beijing and parts of China’s north-east at the start of the week, forcing cancellation of hundreds of flights and closure of motorways and focusing concern and public anger on high air-pollution levels, MSNBC reported. While China’s environmental monitoring centre said the air was slightly polluted, the US embassy –...
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China’s leading climate representative at the UN talks in Durban, Su Wei, said that while the country is open to negotiations, EU conditions for signing up to a second Kyoto Protocol commitment period are “not fair” for developing countries, China Daily reported. The EU has said it will only extend emissions-reduction targets beyond 2012...
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In the lead up to UN climate talks in Durban, the Chinese government issued its most comprehensive document to date on the country’s negotiating position, Xinhua said. The white paper set out three “expectations” for next week’s summit, covering the Kyoto Protocol, rich world emissions cuts and mechanisms for finance and technology transfer...
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