China Plans To Curb Foreign Investment In Polluting Sectors

From AFP:

China said Tuesday it planned to curb foreign investment in polluting sectors and instead direct it into high technology and new energy.

The State Council, the nation’s cabinet, said in guidelines on its website that it aimed to “seriously restrict (foreign investment) in high energy, highly polluting… projects”.

It added that foreign investment in “high-end manufacturing, high-technology and service industries, and new energy and energy-saving environmental sectors” should be encouraged.

April 13, 2010 6:09 PM
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