Green industry body inaugurated
A green manufacturing alliance was inaugurated over the weekend to better support China’s green and sustainable development, according to the Ministry of Industry and Information Technology. Led by the ministry, members of the Green Manufacturing Association of China are from China’s leading scientific research institutions and manufacturing enterprises, covering industries such as iron and steel, building materials, energy, textiles and finance. More than 400 representatives from multinational enterprises, international institutions and foreign embassies attended the inauguration ceremony. “China should eliminate backward production capacity with high energy consumption and high pollution and stick to the path of sustainable development,” said Xin Guobin, vice-minister of industry and information technology. According to the ministry, the alliance will serve as a platform for China’s green manufacturing businesses to cooperate with financial institutions and multinational enterprises. parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.