China launches first environmental investment firm
10 September 2007
China launched its first environmental investment management corporation, Zhongzhuo Energy Investment, last week in Beijing, Economic Observer reported (in Chinese). The new state-owned firm will be devoted to providing investment management services for the coutry's energy-saving, environmental protection and sustainable development projects. The founding of the new organization is seen as a formal effort on the part of the government to actively promote a "recycling economy."