The Asian Infrastructure Investment Bank (AIIB) signed a natural gas project with a Chinese company Monday to improve the air quality in Beijing.
"It is the common responsibility of the international community, including multilateral development banks, to tackle climate change. With substantial support of the board of directors of the AIIB, this project hopes to contribute to meet this global agenda," AIIB President Jin Liqun said at the signing ceremony.
It marks the AIIB's first loan in China for a natural gas project. The 250-million-U.S. dollar loan will fund a project to connect 216,750 households in approximately 510 villages to the natural gas distribution network.
Upon completion and after subtracting the emissions from burning natural gas, the project is expected to reduce annual carbon dioxide emissions by 595,700 tonnes, particulate matter by 3,700 tonnes, sulfur dioxide by 1,488 tonnes and nitrogen oxide by 4,442 tonnes, according to the statement.
The project, undertaken by the Beijing Gas Group Company, will entail construction of natural gas distribution networks in villages and low-pressure gas pipelines and household connections.
B ��� C ��H%�����的同时，还及时协调俄罗斯赤塔海关及西伯利亚海关管理局对班列进行快速验放，实现中俄边境无障碍跨境运输，缩短在口岸滞留时间。 "sans-s� s "cH%���616'>According to recent data from Ethiopia's Foreign Ministry, Chinese companies have invested around US$4 billion in Ethiopia during the last two decades, creating job opportunities for over 111,000 Ethiopians on permanent and temporary basis.China is also Ethiopia's largest trading partner, in which the two countries' trade reached US$6.37 billion in 2015, while growing on average 22.2 percent annually for the last several years.
ans-ser3 � clH%���6'>For the first 10 months, China's foreign trade with the United States, its second-biggest trade partner, rose 7.4 percent. Its surplus with the United States widened 11.5 percent from one year earlier to 1.69 trillion yuan.Trade with the European Union (EU), China's biggest trade partner, climbed 8.4 percent year on year for January-October, and that with the ASEAN, its third-largest trade partner, expanded 13.7 percent.
Combined trade with countries along the Belt and Road amounted to 6.84 trillion yuan, up 14.8 percent from one year earlier.
Yingda Securities chief economist Li Daxiao said a string of favorable policies, including lower import tariffs and higher export tax rebates, also helped boost trade growth and stabilize the economic growth.
The country's economy expanded 6.5 percent in the third quarter, down from 6.7 percent in the second quarter but in line with the government's annual target.
Its imports of crude oil climbed 8.1 percent year on year to 377 million tonnes in the first 10 months. Coal imports increased 11.5 percent while those of copper surged 17.2 percent. However, auto imports dropped 5.3 percent compared with one year earlier.
At the ongoing first China International Import Expo, China vowed to import 40 trillion U.S. dollars worth of products and services in the next 15 years.