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China's green transition boosts sustainable development of national, global economy

By Chen Jian, Yang Jingzhong, Devapriyo Das (Xinhua)

08:06, November 01, 2012

BEIJING/COPENHAGEN, Oct. 31 (Xinhua) -- China's rapid shift toward a green economy will be a boon both to its domestic market and the global economy as the country's greening process is creating new business opportunities worldwide.

"There is no doubt that the Chinese market is very interesting for us. The Chinese have all the good intentions to move ahead in the field of energy efficiency," said Niels B. Christiansen, president and CEO of Danfoss, a Danish company that manufactures energy-efficient devices and systems.

Danfoss is making a 400-million-yuan (64-million-U.S. dollar) district heating network in Anshan in China's northeastern Liaoning province.

The Danish company is replacing a number of old boilers with larger ones that are connected to a steel plant and supply more than 1 million local residents with heat generated at the factory.

The heat previously had simply been dumped but now it is utilized as an inexpensive, efficient means of warming area households.

"So we have here a win-win situation. It is a good example of moving toward a green economy, and doing it in a very profitable way," Christiansen said.

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