China invests $30b in emission cutting in 5 yrs

BEIJING?- The Chinese government has allocated a total of 200 billion yuan ($30.1 billion) from its central budget for energy conservation and emission cutting from 2006 to 2010, said an official?at China's top economic planning body on?Monday.

The fund was expected to generate a total non-government investment of two trillion yuan, said He Bingguang, a senior official of the Department of Resource Conservation and Environmental Protection at the National Development and Reform Commission.

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The four-day event will be attended by 127 participants, 85 of which are foreign-funded firms.