Companies
In market place, the color is green
Daniel Dudek believes the market can be used to solve environmental problems. provided to China Daily
The market can be used to solve environmental problems, Daniel Dudek believes. And, at a time when China’s top leadership is talking about an ecological civilization, his idea resonates here.
“By now I have no doubt what is going to happen; it is really the question of details,” the vice president of the Environmental Defense Fund, a New York-based nonprofit organization, said of China’s green transformation.
Dudek, 69, has devoted himself to environmental work for more than 40 years. In 1979 he gained a PhD in agricultural economics from the University of California and worked in the United States Department of Agriculture among other places before joining the Environmental Defense Fund as a senior economist in 1986, to “bridge the gap between theory and practice”.
Dudek specializes in the reduction and control of atmospheric pollutants through the use of markets to control emissions from stationary and mobile sources.
From the 1990s Dudek and his organization worked with the then National Environmental Protection Agency in China and successfully carried out a trial emission trading system in seven locations in the country.
His organization has had close partnerships with other central government agencies, such as the National Development and Reform Commission, and regional governments.
“We try to help bring some of the lessons we have learned internationally to China and see how they can be productively deployed and developed with Chinese characteristics,” he said.
He witnessed positive changes in China’s environmental protection programs, in terms of government involvement, laws and policies, within a relatively short time, he said.
Dudek said he has observed a growing awareness of the environment among average Chinese.
But Dudek pointed out that it is a big challenge to achieve satisfying results for…
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
(more…)Companies
Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
(more…)Companies
Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
(more…)- China’s November 2024 Economy: Navigating Mixed Signals and Ongoing Challenges
- Ukraine war: 10% of Chinese people are willing to boycott Russian goods over invasion – new study
- Australia Can Enhance China’s Credibility in the CPTPP
- Gordonstoun Severs Connections with Business Led by Individual Accused of Espionage for China
- China Dismantles Prominent Uyghur Business Landmark in Xinjiang – Shia Waves
- China Expands Nationwide Private Pension Scheme After Two-Year Pilot Program
