The railway sector will see an annual investment shortfall of 200 billion yuan ($28.60 billion) in three years, said UBS Securities in Shanghai, according to China Securities Journal.
Cellphone maker Motorola Inc yesterday said it will continue to increase its research and development (R&D) investment in China.
Tianjin and its Binhai New Area carry high expectations not only as the next growth engine for China, but also as a model of sustainable development.
Asia Society President Vishakha Desai yesterday called on the entire world to share responsibility for sustainable development in the 21st century.
He started his speech with a slow, deep bow to the audience and also ended that way.
As the growth engine of China's third wave of economic development, Tianjin aims to build itself into a financial innovation base in the country rather than a financial center, a senior city official said yesterday.
If 2007 was a year of exploration to find a feasible sustainable mode of development, 2008 will mark the start of practicing that considerable promise.
The Sino-Singaporean Eco-city project in Tianjin can serve as a reproducible model for other regions in China while greatly benefiting Tianjin in the next 30 to 40 years, a senior Singaporean official said.
China needs regulations to encourage energy saving and promote clean energies to reach its goal of a sustainable economy, said Shi Zhengrong, chairman of a flagship solar company, at the sidelines of the Asia Society's corporate conference in Tianjin.
"There are tremendous hopes hiding in development zones" - such was the characterization given by Deng Xiaoping, designer of China's reform and opening-up policy, as he stood on saline land in Tianjin Municipality more than two decades ago.
Editor's Note: The Asia Society is holding its 18th Asian Corporate Conference at Tianjin Binhai New Area this week with the theme of sustainability and global business development.
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