Developed countries need to step up and invest heavily in the infrastructure and clean-energy sectors to offset the expected downturn in East Asia's economic engine, said World Bank Chief Economist Justin Yifu Lin.
Pascal Triaux lives within a five minutes' walk from the beach in Yantai, a coastal city in East China's Shandong province. Almost every weekend, the Frenchman heads for the waves to sail under blue skies.
China plans to invest in further development of long-distance, high-capacity power transmission technology, aiming to bring more power from its remote western and northern regions to the energy-hungry East and South coasts.
China's natural gas demand will rise 20 percent in 2011 to 130 billion cubic meters (cu m) and production will increase 16 percent to 110 billion cu m, according to a statement from the National Energy Administration (NEA) on Jan 28.
Elion Resources has signed an agreement to partner with Tongliao of the Inner Mongolia autonomous region in developing an ecological economy in the Kerqin region. The signing ceremony was held on Tuesday in Beijing.
China Datang Corp is poised to win China's first solar photo-thermal power plant project because the company offered a lower-than-expected price in its bid for the project, China Business News reported on Tuesday, citing an unnamed source.