We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (26307)3/25/2005 10:48:43 AM
From: RealMuLan   of 116555
Yes, I agree. So I hope he will have more influence in some decision making.

Some provincial leaders have realized this development model depending on export/heavy industry development will not last. Take Zhe Jiang Province for example, for many years, both its total and per capita GDP ranked as number 4 in China, about 8% of China's total. Accompanied with this is the shortage of electricity, coal and land, as well as severe damage to its environment. It ranks as number 1 in terms of the electricity shortage, the available land available for the economic development can only sustain for another 10 years. The situation has become so bad that there is no land available for the new factory and there is no electricity for the new production. And many people there have realized that the game cannot go on much longer.

So when the central gov. started the macro-economic control from the middle of 2004, the leadership in Zhe Jiang also calls on reborn of the new development model and the revolution of the efficiency. They have made new regulation, strictly control those energy-intensive, heavy polluted industries (like cement, printing…) but encourage the industries of high efficiency and environmental friendly. And they also encourage entrepreneurs to go abroad, to buy foreign business as well as set up their own overseas.

As a result, the total industrial growth of Zhe Jiang increased 30% in 2004, but the energy consumption declined 11%.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext