China's first low-carbon trade center showcasing green energy products will generate an estimated annual 50 billion RMB (7.32 billion USD) in turnover from the fifth year after it's put into use in 2011.
The 300-million-yuan trade center, under construction in Zone 28 in Bao'an District, was awarded the "most attractive low-carbon project of 2009" by the Subcommittee of the Economy of the Chinese People's Political Consultative Conference in Beijing last week.
The first phase of the project, which will include an exhibition and sales center for new-energy automobiles as well as nuclear-powered , wind-powered and smart products, will be finished in August, Zhao Haixiang, a section chief with the Bao'an District Government, said yesterday (Jan 27).
After completion of the second phase, another exhibition and sales center for air, solar, wind and light-powered products will be exhibited and sold there.
Project initiator Li Zhengqin, general manager of Shenzhen Sun-Bright Investment Co., said at an interview yesterday that the turnover of the trade center was estimated to exceed 2 billion RMB per year for the first two years.
From the fifth year after its completion, the center would generate approximately 50 billion RMB in turnover per year, he said.
"We plan to build the trade center into a low-carbon industry cluster, showcasing low-carbon talent, research and development, services and education," he said.
China's Midea, a household appliances manufacturer, would be the first firm to set up its South China headquarters in the trade center, Li said.
Most of the investment for the center is coming from Hong Kong and the Chinese Federation of Commerce of Canada (CFCC), said Li, who also acts as overseas director of the CFCC.
"Canada is a pioneer of the low-carbon economy and we can learn from its experience," he said.
Shenzhen has attached great importance to the development of a low-carbon economy since the end of last year, and the city government has set Guangming and Pingshan new zones to be low-carbon experimental areas.
