Power capacity
THE country s power-generation capacity gained 10 percent last year, matching the increase in 2009, as consumption rose, Xinhua said yesterday.
Installed capacity climbed to 962,190 megawatts in 2010, the news agency reported, citing data from the China Electricity Council. Thermal power capacity accounted for 706,630 megawatts last year, or 73 percent of the total, Xinhua said.
China aims to add 500,000 megawatts of capacity in the five years ending 2015 to meet rising demand, China State Grid Corp. said Jan. 10. Last year, power consumption jumped 15 percent to more than 4.19 billion megawatt-hours. That compares with the 6.4 percent gain in 2009 and the 5.5 percent increase in 2008.
Proactive fiscal policy
THE government would continue its proactive fiscal policy in 2011 to improve infrastructure and people s living standards, said Jia Kang, head of the Research Institute for Fiscal Science of the Ministry of Finance.
Speaking at the China Textile Round-Table Forum Annual Conference 2011, Jia attributed the policy decision partly to the need to roll out more follow-up investment programs for the 4 trillion yuan (US$607 billion) economic stimulus program launched by the Central Government to combat the global downturn in November 2008.
Intl. shipping center
NORTH China s Tianjin Municipality would evolve into an international shipping center by 2015, as part of the city s plans for faster economic development, Mayor Huang Xingguo said Sunday at the local parliamentary session.
The Central Government, in its plan released in April 2010, has decided to turn Tianjin s Binhai New District into a pivotal harbor linking China with Northeast Asia as well as Central and Western Asia. Tianjin Port, with a 19.5-meter deep harbor that allows ships up to 300,000 tons to anchor, is one of the world s best man-made deep-water ports.
