Wednesday, March 2, 2011

China to slow GDP growth in bid to curb emissions

China has set an annual growth target of 7% to ensure sustainable development during its new five-year plan


A power plant in Pinghu. To fuel the growth in GDP, China’s energy demand has surged by 220%. Photograph: Philippe Lopez/AFP/Getty Images

28 February 2011 - China will try to slow GDP growth to ease pressure on the environment following a series of unusually stark warnings from senior ministers about the country's current mode of development.

The announcement that economic growth targets will be lowered from 8% to 7% over the next five years may mark the end of China's peak growth years as environmental constraints drive up the expense of resources and pollution control.

"In China's thousands of years of civilisation, the conflict between humanity and nature has never been as serious as it is today," the environment minister Zhou Shengxian wrote on his ministry's website.

"The depletion, deterioration and exhaustion of resources and the deterioration of the environment have become serious bottlenecks constraining economic and social development." {continued}

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