Enerny Forum Asia Opens in GZ, Wang Unveils GD's Energy Prospect The first "Energy Forum Asia" commenced in Guangzhou yesterday (Aug 9th) with as main theme "Energy revolution, growth, green and cooperation". The secretary of Guangdong's CPC Committee, Wang Yang, spoke at the opening and said that although Guangdong is the most prosperous province in China, it is also one badly in need of energy. He said that since 2006 measures taken to reduce the emission of pollutants have proven to be effective, which lays good foundations for socio-economic sustainable development. For Guangdong's energy prospect, Wang suggested the province strengthen its efforts to develop new energies: "We will work with the international community, in particular with other Asian countries, to tackle energy issues on the basis of equality and mutual benefits, as well as showing a highly responsible attitude towards humanity." The "Energy Forum Asia" is a Non-Governmental and Non-Profitable international organization. Guangzhou is now home to the forum.



GD Offers More Loans Than Other Counterparts in the FH2009 The latest statistics released by China Banking Regulatory Commission (the CBRC) show that in the first half of this year, the country saw a rise in RMB and foreign currency loans by over 7.7 trillion yuan, almost a 33% increase over the same period last year. Guangdong offered the highest amount of loans, with an increase of nearly 85.5 billion yuan in loans year-on-year. These results come two weeks after the CBRC announced it would strengthen control on loans made by banks for corporate working capital in order to make sure the money is put to proper use.
Rains Expected in Guangdong Today Although Goni, the seventh typhoon this year is now considerably weakened, another typhoon called Morakot is likely to hit the province. Morakot landed yesterday (Aug 9th) along the coastal areas of Xiapu county in Fujian. The typhoon is expected to intensify bringing rainstorms on its way. The Guangdong observatory predicts that most of the province will experience heavy rain over the next three days.
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