(CCTV-NEWS, Nov. 30, 2015) China has entered a new phase of economic development -- called the 'new normal'. The goal is to shift away from an energy-intensive, export-driven economy to one based on domestic consumption and innovation. CCTV's Wang Tongxuan visited a private company that has been devoted to turning the country's GDP growth from black to green.
Elion Resources has been committed to preventing land degradation and transforming desert back into cities.
Kubuqi Desert, located in inner Mongolia, is now an ecological zone, thanks to their efforts.
Elion Resources is also aligned with the United Nations Convention to Combat Desertification.
They work together to combat land degradation and climate change.
In March 2015, the first private equity fund for the 'Green Silk Road' was launched.
It will be used in 'ecological solar panel construction to create clean energy in China and other countries.
"Our company will focus on green energy, ecological industry, ecological restoration including land restoration.I think our strategy of developing green industry can only be on the ground as soon as possible through financial tools," Wang Wenbiao, chairman of Elion Resources, said.
The government now expects slower, cleaner and more stable growth. China's next five-year plan envisages a more environmentally-friendly path for this country of 1.4 billion people. The measures will include utilizing low-carbon energy and encouraging businesses to upgrade technology."
The Climate Group is a non-profit organization. It works internationally with businesses and governments to promote clean technologies and policies. Their aim is to expand clean technology markets and reduce global greenhouse gas emissions. Wu Changhua has been leading the team for nearly nine years.
"China contributed hugely through investing heavily into renewable energy technologies, manufacturing the equipment facilities and reducing the cost, dramatically shortening the period of time so that not only China but also the international community will be able to afford the deployment of clear energy," Wu said.
Elion Resources sensed a new opportunity for the company. Its micro coal atomization technology has won the trust of market. Compared with traditional coal-fired boilers, it can reduce coal use by 30 percent , and eliminate dust, slag and smoke emissions.
"China's next five year plan asks for quality rather than size or number. Winning by quality and winning by satisfaction can enhance the image of an enterprise. I think these two standards should be a basic measure of the sustainable development of enterprises, and I believe private corporations will play a positive role in this respect," Wang said.
Wang said he believes ecological security should be a priority in the Belt and Road strategy. As one of the founders of the Green Silk Road fund, he believes there's a huge and dynamic market out there for green industry.
