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China has been striving to upgrade its industrial structure and shift its economy to a growth model that draws strength from innovation as its competitive advantages in low labor and raw material costs are eroded.
China has overtaken the United States as the world's largest green-bond issuer. Last year, the country issued over billion green bonds, or roughly 33 percent of the billion total issuance value, accounting for 65 percent of issuance value growth year-on-year in 2016, according to a report released by Bank of America Merrill Lynch in March.

China has been transitioning from a phase of rapid growth to a stage of high-quality development, according to the report.
China has not only made remarkable achievements in poverty alleviation over the years, but has also dedicated itself to shared development with other countries through the Belt and Road Initiative, Steiner told Xinhua on Wednesday.
China began importing solid waste as a source of raw materials in the 1980s and for years has been the world's largest importer, despite its weak capacity in garbage disposal. Some companies illegally bring foreign waste into the country for profit, posing a threat to the environment and public health.
来源:资阳报