Local Time: GMT +8 hours ahead of British Summer Time (BST)
Population: 1.3 billion Land area: 9.6 million km2
Local currency: Yuan (CNY) or Renminbi (RMB)
Dialling code from UK: +86
Language: Mandarin
GDP per capita: US$2000 Life expectancy: 71.8
In December 2009, the Chinese government announced that the country aims to reduce by 40 to 45 per cent CO2
emissions per unit
GDP by 2020 compared with that in 2005. The central government will release a new stimulus package for 2010 to support newly strategic industrial sectors, including energy saving and emissions reduction. The low carbon economy is becoming a hot topic across the country. More and more regional cities are applying to become demonstration cities as either eco-cities, low carbon cities or sustainable development cities.
Business Opportunities
In the next ten years, China will face the increasing pressure of environmental protection and control due to the continuing development of urbanisation and industrialisation. The central government has set the following key goals of environmental protection and control: • Water pollution treatment and control, with priority on safe drinking water and key river basin treatment
• Urban pollution treatment and control, with the focus on urban wastewater treatment and solid waste treatment
• • •
Rural area pollution protection, with the priority on soil pollution protection
Air pollution control, mainly to decrease volume of SO2
emissions
Enforce the protection of ecological environment
35%
Percentage of total Chinese teritory claimed to be affected by acid rain
Low carbon initiatives
UK fi rms seeking to tap into the booming Chinese market for low carbon technologies should exploit the interest in the provinces particularly. The UK’s Carbon Trust has signed a £10 million deal with China Energy Conservation Investment Corporation (CECIC), which aims to increase the transfer of low carbon technology from the UK to China. The new venture is also expected to provide funding for UK and Chinese low carbon businesses operating in the country. Since January 2008, UKTI has signed three
MOUs (Memorandum Of Understanding) with Wuhan, Chongqing and Changsha, under the top level MOU on UK-China collaboration on sustainable cities development. Trade missions have focused on urban planning, green/energy saving building design, urban sustainable development, project management environmental planning and engineering services, river basin treatment and management, wastewater treatment, CDM (clean development mechanism) and
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