Date: September 27, 2011 China says it will invest two trillion...

Date: September 27, 2011

China says it will invest two trillion yuan (USD313 billion) to promote low-carbon economy from now until 2015, the China Daily reported on Sunday, citing a senior official from the country's top economic planner.

As previously announced in the fifth 5-year plan, the investment will help reduce energy consumption per unit of gross domestic product in China by 16 percent at the end of 2015 compared with the level of 2010, the newspaper said, quoting Xie Zhenhua, vice chairman of the National Development and Reform Commission.

During the five years to 2010, energy consumption per unit of GDP dropped by 19.1 percent, according to the report.

Xie said China will develop circular economy projects, establish 100 demonstration bases for resource comprehensive utilization and launch low-carbon pilot programs in five provinces and eight cities during the next five years

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