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Green Projects to Lure Foreigners

China's increasing awareness of green issues will lead to an inflow of advanced foreign environmental technology, a trade event has decided.

The California Environmental Technology Trade Mission to China was a week-long event which ended on November 18.

Part of the Environmental Technology Export Program sponsored by the California Trade and Commerce Agency, the mission invited nine leading environmental and energy technological Californian companies to join the event.

"Our basic commitment is to help the Chinese Government with its green efforts by ushering in some cutting-edge environmental technology," said Terrence Barber, who oversees the State of California's Office of Trade and Investment throughout the Asia-Pacific Region.

The mission aims to introduce companies to Chinese decision-makers involved in projects to reduce damage to the environment - particularly in the water and waste water sectors, he said.

Barber described the mission's meetings and networking events with the Chinese Government and private sector environmental decision-makers as "fruitful."

"China needs more advanced technology to cope with its environmental issues," said Glenn Smith, senior vice-president of DriWater Inc.

The company has developed equipment used for watering trees and plants and is intending to set up a second joint venture in China next year, hoping to bring an effective solution to western regions ravaged by encroaching deserts.

Balancing environmental protection and improvement with sustainable economic development is China's main priority. The country's green investment will account for approximately 1 to 1.5 percent of its gross domestic product for the 2001-05 period - approximately US$ 81 billion - in an effort to control worsening pollution.

"China's imminent entry into the World Trade Organization and its growing green needs mean the nation will be more open to the world's environmental market," said Zhang Quan, vice-director of the municipal Environmental Protection Administration.
  
  
(Beijing-2008 11/20/2000)