Chinese Industries Vow to Pursue Green Growth

The ongoing manufacturing conference is focusing on how to seek green industrial development while China continues to see sound economic recovery.

Some economists attending the conference say companies should rely on self-innovation and technological advancement to meet that end.

Edmund Phelps, winner of the 2006 Nobel Prize in Economics, shares his opinion.

"As the Chinese economy continues to develop, Chinese companies will become more and more advanced in their production methods relative to world-class standards. Therefore, to achieve further advances in their method of production, it's to be expected, therefore, that we will see more indigenous innovation in China over the next few decades."

Indeed, some Chinese companies have already focused their efforts on boosting innovation to achieve green growth.

China Energy Conservation Investment Corporation is one of them. The company has designed and built ten low-emission industrial parks in cities like Shanghai and Hangzhou. In all the industrial parks, low-emission factory compounds were built for manufacturers to spur green development.

Wang Xiaokang, chief manager of the company, says domestic manufacturers should change their growth pattern of high-emission and high-consumption.

"Developing a low-carbon economy and combating climate change will also create business opportunities. I think all Chinese manufacturers should increase investment to take advantage of these opportunities. During this process, we should focus more on innovation to create new products and new methods of growth."

Economists define a low-carbon economy as one that emits a minimal amount of greenhouse gas.
Other companies have called for more favorable policies from the government in addition to stressing self-innovation.

Gao Dongsheng, a senior official from China's Ministry of Industry and Information technology, has made a promise in this regard.

"My ministry will spare no effort to support China's industries to pursue green development. We will step up the work to set up new standards to boost green development. With a higher standard, we will create a market environment for high-pollution companies to fail and a low-carbon economy to grow."

The ongoing conference of Asian Manufacturing Association has seen participation of more than 300 entrepreneurs, economists and officials from both home and abroad. The professional organization aims to promote communication between manufacturers across the world and enhance green industrial development.

Xiao Hong, CRI news.