China should focus on self-innovation rather than over-reliance on technology imports to achieve the industrial modernization, according to a blue paper issued by the Chinese Academy of Social Sciences (CASS) recently. The report was made upon CASS’s survey on the country’s 15 key industries. The result showed inadequate investment in self-innovation in China, which has held back the country from faster industrialization […]
Tag: steel
Industries with high energy consumption and emissions are developing too fast in China, along with the quick economic growth, the Chinese State Council, or Cabinet, warned on recently. The traditional industry structure remained unchanged, while the service sector and high-tech manufacturing weighting fell in the national economy, State Councilors heard at a meeting focusing on energy saving and emission reduction, chaired by Chinese Premier Wen Jiabao […]
Shanghai, the most powerful economic hub of China, achieved GDP of US$1.2 trillion in 2007, up 13.3% from a year earlier, marking a double-digit growth for 16 consecutive years, the Shanghai Statistics Bureau announced recently. The city’s 2007 GDP per capita stood at US$8,594 in the local calculation method, said Pan Jianxin, director of Shanghai Bureau of Statistics. And in accordance with the international standards, the figure would hit US$8,949, said Pan…
China’s passenger-car sales rose 20.41 percent for the first quarter from a year earlier, led by two ventures of Volkswagen AG, the China Association of Automobile Manufacturers said recently. Domestic car makers sold a combined 1.85 million passenger cars, including sedans, multi-purpose vehicles, sport utility vehicles and crossovers during January to March, compared with 1.53 million units for the same period of last year, the official auto association said…
An energy structure with a low utilization rate, and an economic growth mode with serious, hazardous emissions have posed stark challenges for the sustained growth of Chinese economic society. Faced with such a grave situation in energy saving and emission reduction, more than 6,000 science, technology workers, as well as scientist-turned-entrepreneurs on met recently to discuss issues such as energy saving and environmental protection. Among them were more than 100 members from Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE), the highest palaces for scientific research achievements and engineering progress […]
Since the beginning of its economical opening — when the first 5-year plans were devised in 1979 — China has being growing at an incredible speed, with its GNP numbers jumping from 44 billion dollars to 1.6 trillion dollars in just 20 years. Such growth has pushed the Chinese manufacturing industry into devouring huge amounts of natural resources in a alarming way: in 2004, China — the 8th largest economy in GNP scale — consumed 8% of all the oil, 31% of all the coal, 10% of all the electricity, 30% of all ore, 30% of all steel, 19% of all aluminum, 20% of all the copper and 40% of all cement produced in the world […]