Archive for the ‘economic growth’ Category

China wants to freeze emissions at 2005 levels: Wen

November 21, 2007

SINGAPORE (AFP) – China will seek to increase cooperation with Asian nations on climate change and will try to freeze its key pollution emissions at 2005 levels, Prime Minister Wen Jiabao said Wednesday.

Wen said he would propose an international climate change forum in China next year to improve the region’s ability to address global warming.
A man pedals a cart filled with coal briquettes in
western China’s Shaanxi province.

“China in the next five years will be determined to reduce energy consumption by 20 percent (per unit of GDP) to reduce carbon emissions and will strive to keep carbon emissions at 2005 levels,” Wen told journalists.

Read the rest:


G7 squeezes China, warns of growth slowdown

October 20, 2007

by Nathaniel Harrison

WASHINGTON (AFP) – The world’s top finance leaders said Friday that order was returning to financial markets but warned of lingering instability likely to dampen economic growth as they turned up the heat on China to ease its currency restrictions.

Representing Britain, Canada, France, Germany, Italy, Japan and the United States, Group of Seven ministers convened on the 20th anniversary of the Wall Street stock market crash, and US Treasury Secretary Henry Paulson said today’s financial market upheavals were very much on their minds.

“The general feeling around the table was that there are some markets returning to normalcy as risk has been reassessed and repriced,” Paulson told a news conference after the talks.

A currency dealer waits for customers at a currency exchange. ...

Read the rest: