Sun, November 29, 2009
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Factbox: Green economy in Jiangsu Province, rendezvous of EU-China Business Summit

2009-11-29 14:59:14 GMT2009-11-29 22:59:14 (Beijing Time)  Xinhua English

NANJING, Nov. 29 (Xinhua) -- The fifth China-EU Business Summit will be held Monday in Nanjing, capital of east China's Jiangsu Province.

Jiangsu's GDP grossed 2.39 trillion yuan (350 billion U.S. dollars) in the first three quarters of 2009, up 11.7 percent year-on-year. The production value of green industries, especially high-tech industries, grew by 60 percent.

The province's new energy industry, including China's largest solar power industry, had a total production value of 90 billion yuan in 2008.

It is also home to China's "green energy capital," Rudong City, which will be equipped with 264 wind generators within the year, reaching a capacity of 420,000 KW. Another 10-billion-yuan wind power project with 780,000 KW capacity is under construction in the city.

Rudong has China's first bio-mass power project, a straw power plant with a capacity of 25,000 KW. The plant, which consumes 176,000 tonnes of straw annually, was launched in June 2008, generating 170 million KWH power a year.

In Jiangsu's Changshu City, Changshu Automotive Trim Co., Ltd, annually takes in 1,500 tonnes of waste cloth from the city's massive textile industry and pumps out vehicle interior trims worth 1 billion yuan.

Jiangsu's Wuxi City invested 1.6 billion yuan in 2008 in 85 energy-saving and recycling projects, reducing the need for coal consumption by 612,900 tonnes annually.

The provincial government has set up a fund of 200 million yuan to encourage manufacturers to use more energy-efficient equipment.

Jiangsu has included the development of green low-carbon economy as a strategic focus in its 12th five-year plan.

The summit with the theme "The Green Agenda: Sustaining Growth beyond the Recovery" offers an opportunity for business leaders from China and Europe to discuss the commercial environment as well as issues of common concern in the China-EU trade relationship.

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