Green in­dus­try body in­au­gu­rated

China Daily (Hong Kong) - - BUSINESS -

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.

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