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Secretary-General Jon Li Attended and Spoke at Sino-Korea Forum on Economic Cooperation and Prospect in Seoul

On April 17, 2012, Sino-Korea Forum on Economic Cooperation and Prospect in remembrance of the 20th anniversary of the establishment of Sino-Korea diplomatic relation, co-organized by the Ministry of Commerce, PRC, and the Ministry of Knowledge Economy of Korea, was held in Seoul, South Korea. Zeng Peiyan, former Vice Premier of the State Council, Chairman of CCIEE, delivered a keynote speech, South Korea's Knowledge Economy Minister Hong Suk-woo gave a welcoming speech; over 500 experts, scholars, and business representatives attended this forum.

Secretary-General Jon Li was invited to attend the meeting, and give a speech in the Special Forum--"Sino-Korea Future Industry Cooperation Pattern and Solution". His speech focused on strategic cooperation of Chinese and Korean enterprises, described the conditions on how Korean enterprises access to Chinese market against the backdrop of increasingly important energy conservation and environmental protection industries in China during the 12th Five-Year Plan (FYP), five-provinces and eight-cities selected as low-carbon pilot zones, active cyclic economic construction, expanding renewable energy and environmental protection industries.

Mr. Li indicated: the strategic cooperation of Sino-Korea enterprises is expected to focus on emerging and potential market, which includes: (i) China's strategic emerging industry; (ii) China's green and low-carbon construction field, primarily green and low-carbon cities.

1. The general goal of China's strategic emerging industries (similar with Korea's new growth industry) is to reach 8% of GDP in 2015, and 15% in 2020, especially for energy conservation and environmental-protection industries, which has reached 2 trillion Yuan in production value by 2010 at the rate of 15-17% during the 11th FYP, and will reach 4 trillion Yuan at the end of the 12th FYP, and will definitely become a new-round growth point and mainstay industry in China. Nevertheless, given the fact that insufficient core technology and innovative mode, few scale companies are still popular in this regard, the introduction of advanced international experience therefore is necessary and urgent. Under such circumstances, China's strategic emerging industries may turn attention to the tertiary industry, focus on modern service market in energy and environmental fields; besides, China will further expand the input of capital and technology so as to increase the proportion of tertiary industry in the whole national economy, promote industrial optimization and upgrading, which will bring about great potential for strategic cooperation between Chinese and Korean enterprises, aside from that, energy and environment related consultation and service, equipment management and operation will also be key factors to consider.

Concerning the government support to new energy industry, Korea mainly focused on early-period R&D, preferential policy. As per the goal set by Korean government, new and renewable energy will account for 5% of total national energy in Korea by 2011, 10% by 2020, and 11% by 2030. In addition, Korean government will vigorously promote the development of new and renewable energy industrialization and related equipment manufacturing technology, with a view to make Korea an exporter of new energy.

The market potential of China's strategic emerging industry is clearly extruding in energy field, according to the 12th FYP, China's non-fossil energy will account for 11.4% by 2015, 15% by 2020. In response, China will expand market space in following ways:

(1) Increase the proportion of non-fossil energy like natural gas, nuclear power, renewable energy, which is a key task during the 12th FYP. Nowadays, domestic natural gas industry focus on further development and utilization, water and electricity industries are restricted from natural environment, nuclear power is slowing down due to external factors, wind-power is facing blind and speculative action to some degree, and will enter a stable period.

The potential cooperation opportunity therein will focus on: domestic solar utilization, industry support by preferential electricity prices, energy-storage technology and smart grid and so on.

(2) Increase efficiency of energy utilization, including traditional fossil energy cleaning and utilization by technology innovation, such as: efficient use of coal-based industry, energy conservation application in industry, traffic and building etc.

The potential cooperation opportunity therein will focus on: clean coal technology and further industrialization; advanced technology cooperation market including industrial technologies; new energy car development, like electric car technology cooperation, brand internationalization of new energy car, which is 5-10 years later in China than developed countries; energy conservation retrofit, operation service and green building.

2. China¡¯s green and low-carbon development, mainly points to low-carbon city construction. Currently, China has replaced the concept of low-carbon economy with green low-carbon development, which more suits China¡¯s national conditions and actual development phase. Market cooperation space based on low-carbon city construction is not limited to the pilot zones of five-provinces and eight-cities issued by China¡¯s National Reform and Development Commission;

(1) China has over 2,600 cities and counties, among which 296 are direct-controlled municipality or locally administered level cities, which have launched their green and low-carbon development program, some even established the low-carbon pilot industry park; concerning China¡¯s second and third-tier cities, which have relatively favorable natural conditions and ecological environment, strong growth potential for fostering and developing emerging strategic industries; IEEPA-led ¡°green and low-carbon city¡± projects belongs to this regard; and the 5th WEC, (to be held from August 31 to September 2, 2012), will firstly set ¡°China Green and Low-Carbon Award¡±, with a view to exhibiting emerging forces and future growth potential of China¡¯s cities in green and low-carbon fields.

(2) China¡¯s urbanization rate will be increased by 51.5% during the 12th FYP, whose content cover urbanization process, urban ecological environment, sustainable agricultural protection, increasing agricultural produc

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