Monday, February 21, 2011

Yonex Stringing Tension

China spends € 28.52 billion in its first marine economic zone



BEIJING - (China) - 22/02/2011- 3B Tips - By Francis Rousseau - According Istockanalyst and Xinhua News Agency, China opened Friday, February 18, 2011 its first marine economic zone (Shandong Peninsula Economic Blue Zone) in the coastal province of Shandong ( 山东 半岛) and signed for the Used a first batch of contracts for 23 programs valued at 255 billion yuan (€ 28.52 billion) to enable the country to extend its grip over the ocean. According to Fei Yunliang, responsible for the construction of this new economic zone, the contracts signed at a conference in Beijing covering the areas of agricultural technology new energy, global logistics, tourism and culture.
This program is a joint project between the County and Wendeng Shiwei Co., based in Hong Kong to develop the islands in Nanhai District tourist area. The first phase of the project would cost about 5 billion yuan (€ 557 million) and should be completed in 2013. In order to make the project financially unhindered, the Government of Shandong Province has signed strategic cooperation agreements with 12 banks, including Industrial and Commercial Bank of China (ICBC) and six insurance companies.
Before work began, The Chinese government will accelerate infrastructure construction, including a system of energy supply. The provincial government will allocate 2 billion yuan (€ 223 million) work in 2011. The Shandong Peninsula Economic Blue Zone is one of three regional marine economic zones approved by the State Council in April 2010 and ratified in January, to be among the pilot areas development of marine economy of China . This
economic zone covers all waters off the coast of Shandong province in an area of 159,500 km2 . It also covers 64,000 km2 of land that border encompassing the six cities of Qingdao, Dongying, Yantai, Weifang, Weihai and Rizhao. Under the plan adopted, the Government of Shandong will coordinate with the new marine economy in the crosshairs development of emerging marine industries .
Wang Gang, member of the Politburo of the Central Committee of Communist Party of China, reiterated and emphasized that this development plan was indeed the forefront of regional development strategy focused exclusively on the maritime economy. He said that this huge sea will influence both the development of fossil fuels and renewable.
Shen Zhiyu, a researcher at the Chinese Academy of Social Sciences (CASS) , said "the ability to use all the available marine resources was crucial for the economic prosperity of a country. China has abundant resources Marine, with 3 million km2 of marine area and 32,000 km of coastline. " The country has a marine reserve of oil and 24.6 billion tons of natural gas reserves of 1.6 billion m3. However, the maritime economy currently accounts for no more than 10% of China's GDP and is mainly focused on traditional industries such as fishing, transport and tourism, which together represent two thirds of the total marine production.
emerging industries that is to say, bio-medicine related to the sea, exploitation of marine renewable energy and fuels, chemicals from the sea and the various uses of the sea water does represent 5% of marine production.

Sources: Linked Sites. Map: Chart of the Shandong Peninsula. Players

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