2012-09-26 - Environmental "green" growth will not necessarily result in slow growth for the Chinese economy, said Pamela Cox, regional vice-president for World Bank East Asia and Pacific.
In an interview with China Daily, she said well-laid urbanization plans can prove essential to sound development.
Officials in the world's second largest economy seem to have reached a crossroads and now must decide if they are willing to sacrifice economic growth to ensure energy is used more efficiently.
But, "just because (development is) green doesn't mean it cannot be fast," Cox said.
"If you look at some of the technologies China is currently producing, for example, solar panels or biogas projects that are producing energy at lower costs for residents, it is smart economics," she said on Tuesday.
The demand for energy, and the price of it, is increasing throughout the world, she added. Amid those circumstances, technology that uses energy more efficiently will not only help China spend less on energy but also give it business and export opportunities. read more>>>
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