China will soon release detailed plans on ensuring that its goal for reducing carbon intensity from 2011 to 2015 is attainable, and it has started looking at technical options for cutting carbon dioxide emissions after 2020.
China's booming automobile market over the past two years has not only led it to overtake the United States as the world's biggest, it has also enabled US car makers to weather stagnant domestic sales caused by the financial crisis.
Chinese insurers will need more than 110 billion yuan ($17 billion) of external funding to fuel their rapid development in the next three years, insurance analysts from Standard & Poor's said on Wednesday.
Danieli & C Officine Meccaniche SpA, one of the world's leading equipment suppliers for the metals industry, said it will significantly increase its investment in China to cash in on the growth in demand coming from the government's efforts to adjust the industry's structure.
Stocks on the Chinese mainland rose, sending the benchmark to its biggest gain in two weeks, after data showing industrial companies' first-half profits advanced eased concerns that government measures to curb inflation will hurt earnings growth.