China soon to issue full plan to reduce carbon intensity (29.7.2011)
China will soon release detailed plans on ensuring that its goal for reducing carbonintensity from 2011 to 2015 is attainable, and it has started looking at technical options forcutting carbon dioxide emissions after 2020.
Xie Zhenhua, vice-minister of the National Development and Reform Commission (NDRC), saidon Wednesday at a conference that a comprehensive plan to allow China to meet its objective -laid out in the 12th Five-Year Plan (2011-2015) - of reducing carbon intensity by 17 percentreduction will be released soon.
China's Zero2IPO Group, a leading research institution for the country's venturecapital and private equity industry, said on Thursday that a record $ 8.1 billion entered China'sventure capital market during the first half of this year. In a report released by the group, 605 projects in 29provinces and cities have raised funds from the venturecapital market during the first half, up 56.3 percent year-on-year. Beijing and Shenzhen were ranked one and two in termsof the venture capital investment attraction, the report said. A growing number of venture capitalists have shifted their focus to the country's resource-abundant western regions such as Xinjiang Uygur autonomous region and Inner Mongoliaautonomous region amid intensified investment competition in developed cities, according tothe report.
Water Facilities Investments in Chinese Cities to Hit 77 bln USD in Next 5 Years (7.7.2011)
Speaking at a business forum on the Chinese water market at the ongoing Singapore International Water Week, Shao Yisheng, vice dean of China Urban Planning and Design Institute, said China has about 4,000 water plants but the technologies used at most of the plants were not advanced. The investment in water facilities in Chinese cities from 2011 to 2015 is estimated to be no less than 77.4 billion to 92.8 billion U.S. dollars, a senior expert from China's Ministry of Housing and Urban-Rural Development said here on Wednesday. The quality of the source water at less than half of these plants were up to the national standards, making it all the more challenge for the treatment, he added. The water pipe system calls for improvement, too, with over 6 billion cubic meters of water lost as a result of leaks.
China's CPI Hits Three-year High of 6.4% in June, Yet Inflation Won't Result in 'Hard Landing' (8.7.2011)
Of the 6.4% CPI growth in June, 3.7 percentage points were contributed by the carryovereffect of price increases last year, the NBS said in a statement on its website.The June inflation rate accelerated 0.9 percentage points from May's 5.5 percent which stoodat a 34-month high, both far exceeding the government's annual inflation control target of 4%.
China's inflation escalated to the highest level in three years amid lingering pressure, with theconsumer price index (CPI), the main gauge of inflation, jumping 6.4 percent year-on-year inJune, the National Bureau of Statistics (NBS) said Saturday.
China's current inflation is a temporary bubble, and there is no need to worry about ahard landing, said Professor Dwight H. Perkins, a Harvard economist at a world economiccongress held from Monday to Friday in Beijing.
"The inflation partially comes from outside factors, and China's central bank is doing things tocontrol money supply and inflation," Perkins said. "China's government should focus on slowingdown the economy."