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China has seven pilot carbon emission trading schemes, with total transactions totalling about 1.2 billion yuan (190 million U.S. dollars), according to a report released Thursday by the National Development and Reform Commission. China began piloting carbon trading in 2011. Under the schemes, enterprises which produce more than their share of emissions are allowed to buy unused quotas on the market from those that cause less pollution.
He pledged to offer loans totaling 10 billion U.S. dollars for ASEAN infrastructure as well as free assistance worth 3.6 billion yuan (around 563 million U.S. dollars) to underdeveloped ASEAN nations in 2016.
In pursuing the road of peace and development, China and Africa should be reliable and sincere friends forever, and their concerted efforts will help build a new type of international relations with cooperation and win-win situation at the core, Xi said.
UPGRADE OF CHINA-ASEAN FTA
JOHANNESBURG, Dec. 5 (Xinhua) -- The Chairperson of African Union Commission (AUC) Nkosazana Dlamini Zuma on Saturday commended the speech delivered by Chinese President Xi Jinping at the opening ceremony of the Forum on China-Africa Cooperation (FOCAC) in Johannesburg on Friday.
