Archive for ‘Environmental protection’

07/03/2019

Tibet has 667,000 people engaged in environmental protection

LHASA, March 6 (Xinhua) — To conserve the ecosystem while eradicating poverty, southwest China’s Tibet Autonomous Region hired 309,000 farmers and herders as forest rangers in 2018, bringing the total number of people engaged in environmental protection to 667,000.

Average annual subsidies in the jobs increased to 3,500 yuan (522 U.S. dollars), according to the regional department of ecology and environment.

Last year, Tibet invested 10.7 billion yuan in environmental protection funds, with 74,133 hectares of trees planted and forest coverage rising to 12.14 percent.

The region also invested 100 million yuan in enhancing the ecology along the upper reaches of the Yangtze, China’s longest river.

“Protecting the forests is equal to protecting our homeland,” said a local Tibetan forest ranger.

The implementation of a series of measures contributed to environmental protection, making Tibet one of the areas with the best ecological environment in the world, authorities said.

Source: Xinhua

04/03/2019

Spotlight: China’s new sci-tech board “good attempt” to boosting innovation, reform: U.S. experts

NEW YORK, March 3 (Xinhua) — The new stock-trading venue in Shanghai Stock Exchange  is a “very good attempt” to optimizing the multi-tiered capital market system and enhancing the capital market’s capability to serve the real economy in China, American experts said.

The science and technology innovation board, which pilots registration-based initial public offering (IPO) system, is “a very good attempt,” and “it may be adopted by A-share markets in the future,” said Henry Huang, professor with Sy Syms School of Business, Yeshiva University.

“If high-tech companies grow and expand in the sci-tech innovation board, maybe they will get listed in the A-share markets later to attract more qualified investors, which makes the sci-tech innovation board an incubator of quality enterprises,” Huang said.

Kevin Chen, chief economist with U.S. wealth management firm Horizon Financial, agreed.

The new board will “largely improve” financing environment for high-tech companies, thereby accelerating the progress of sci-tech innovation in China as a whole, he said.

The adoption of registration-based IPO system will “make shell companies meaningless, while real values of listed companies will be shown in their share prices through more appropriate supervision mechanism,” Chen said.

In addition, the new major reform will facilitate Shanghai’s transformation into an international financial center as well as a science and technology innovation hub, said Allen Tjiong, president and CEO of BOC International (USA) Inc.

“These reforms are essential in making Shanghai a more competitive and attractive capital market for technology companies to raise capital,” said Tjiong.

China’s top securities regulator on Friday released regulations on the science and technology innovation board, which pilots registration-based IPO system. The regulations took effect on March 1 on a trial basis, according to the China Securities Regulatory Commission (CSRC).

The new stock-trading venue focuses on companies in high-tech and strategically emerging sectors such as new generation information technology, advanced equipment, new materials and energy, environmental protection, and biomedicine, according to the CSRC.

Under the pilot registration system, eligible companies can become listed by filing required documents. Currently, new shares of the A-share markets are subject to approval from the securities watchdog.

Source: Xinhua

26/02/2019

Chinese vice premier stresses environmental protection, support for real economy

CHINA-YUNNAN-HAN ZHENG-INSPECTION (CN)

Chinese Vice Premier Han Zheng (2nd R), also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, inquires about production of Yunan Baiyao Group in southwest China’s Yunnan Province, Feb. 26, 2019. Han Zheng made an inspection tour to southwest Yunnan Province from Sunday to Tuesday, where he examined protection of Erhai Lake and visited local companies. (Xinhua/Wang Ye)

KUNMING, Feb. 26 (Xinhua) — Chinese Vice Premier Han Zheng has called for continued efforts on environmental protection and support for the real economy to ensure a good start for this year’s economic and social development.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour to southwest Yunnan Province from Sunday to Tuesday, where he examined protection of Erhai Lake and visited local companies.

Efforts should be made to ensure sustainable and healthy development of the economy and maintain overall social stability, Han said.

He recognized the outcomes the country has achieved in the protection and pollution treatment of the lake, and urged consistent efforts to win the lake’s pollution battle.

During a tour to a biotech company, Han urged it to use the unique natural resources of the province and independent innovation to explore the global market.

He also underlined efforts to push forward state-owned enterprise (SOE) reform, foster internationally competitive national brands, increase input in research and development, and enhance mixed ownership reform of SOEs.

Source: Xinhua

15/02/2019

China Focus: Qomolangma reserve bans ordinary tourists in core zone

LHASA, Feb. 14 (Xinhua) — Mount Qomolangma National Nature Reserve in China’s Tibet Autonomous Region has banned ordinary tourists from entering its core zone to better conserve the environment of the world’s highest mountain.

But for travelers who have a climbing permit, the mountaineering activities will not be affected, according to the reserve which was set up in 1988.

Covering an area of around 33,800 square km including a 10,312-square km core zone, the reserve is home to one of the world’s most vulnerable ecosystems.

Recently, a report went viral online claiming the Qomolangma base camp was “permanently closed due to heavy pollution.” But local authorities denied the claim.

Kelsang, deputy director with the reserve’s administration, said ordinary tourists are banned from areas above Rongpo Monastery, around 5,000 meters above sea level. A new tent camp will be set up nearly two km away from the original one.

Between each April and October, villagers from Dingri County usually set up black tents at the foot of Mount Qomolangma, providing tourists accommodation as a means of earning money.

Though ordinary visitors can’t go beyond the monastery, it won’t affect them from appreciating the mountain.

“The new tent camp for ordinary tourists can still allow them to clearly see the 8,800-meter-plus mountain,” Kelsang said.

Travelers who have a climbing permit can go to the base camp at an altitude of 5,200 meters. Kelsang said the mountaineering activities have been approved by the regional forestry department.

Decades after the epic climb to the world’s peak, Tibetans at the foot of Mount Qomolangma have conquered poverty by receiving professional and amateur mountaineers and tourists, who have also posed an environmental challenge to the mountain.

To conserve the environment surrounding Mount Qomolangma, China carried out three major clean-ups at an altitude of 5,200 meters and above last spring, collecting more than eight tonnes of household waste, human feces and mountaineering trash.

This year, the clean-up will continue, and the remains of mountaineering victims above 8,000 meters will be centrally dealt with for the first time.

Meanwhile, the number of people who stay at the base camp will be kept under 300.

Currently, there are 85 wildlife protectors in the reserve, and 1,000 herders have part-time jobs patrolling and cleaning up garbage.

“These measures aim to strike a balance between various demands such as environmental protection, local poverty relief, mountaineering and education,” said Wang Shen, county chief of Dingri at the mountain foot.

Source: Xinhua

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