Source: CCTV.com   Time: 2009.06.09
The global financial crisis has dampened the development of traditional industries, so new energy and green businesses are considered one of the ways to future global economic revival. Emerging countries such as China are dedicating more efforts to this sector.

At the Global Green Business Summit held in Eastern China's Tianjin Municipality on Monday, participants have expressed their confidence in the prospects of green businesses.

Steve Fludder, vice president of GE Ecomagination, says, “the idea is if we have to stop and...the economy a way forward, the choices can be made what way it will be. One way is the green way, green way is creating new jobs, new skills, new technology...create sustainable business model for the future.”

As a big energy producing and consumption country, China is trying to make its economic development greener. The country has invested more than 15 billion US dollars to develop green energy last year, that's 18 percent more than in 2007. Vice Minister of Environmental Protection Zhang Lijun said at the summit that new energy will become a strategic polar industry in China.

Zhang Lijun, Vice Minister of Ministry of Environmental Protection, says, “We should take the financial crisis as an opportunity to restructure the economic growth model. China is promoting the development of new energy, clean energy and energy saving industry. We consider it as a new developing model and a strategic pillar industry in China.”

China's national energy bureau has said a new energy development plan is under discussion and will come out in a proper time. Insiders have disclosed that the plan may see up to 4.5 trillion yuan spending in new energy by the year 2020. Government support has also encouraged foreign enterprises to expand cooperation with Chinese companies in this sector.

Steve Fludder, vice president of GE Ecomagination, says, “I see a lot of green innovation in China..to work together to innovate green technology..”

Currently, China is the world's largest solar-pv equipment producer and the second-largest wind energy market. Solar and wind energy are expected to be the major targets for the country's new energy stimulus plan.