Top Chinese official says green, high tech development key as nation seeks to spur economy
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team Top Communist Party official, Zhao Leiji, heads China’s rubberstamp congress, has stated that China is committed to introducing reforms that will upgrade the technological level of its largely manufacturing-based economy and generate significant revenues from green technologies. This could generate around $1.4 trillion in annual revenues. The announcement comes as part of efforts by Beijing to reassure foreign investors amid concerns over foreign business and an economic slowdown.
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BOAO, China (AP) — A top Communist Party official says China is committed to introducing reforms that will upgrade the technological level of its largely manufacturing-based economy. and generate huge revenues from green technologies that would drive around $1.4 trillion in annual revenues. Zhao Leiji, who heads China’s rubberstamp congress, told business people and other leaders attending the Boao Forum for Asia that China welcomes “all countries to board the express train of China’s development.” The conference on the island province of Hainan, in the South China Sea, is the latest venue for efforts by Beijing to reassure foreign investors rattled by policies that have raised uncertainties for foreign businesses, geopolitical tensions, and an economic slowdown.
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