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Setup of energy-saving mechanism urged
(Xinhua)
Updated: 2005-06-12 10:25

Chinese Vice-Premier Zeng Peiyan said during a visit to a chemical company in Beijing that an energy conservation mechanism should be set up in China.

Zeng made the remarks at Beijing Yanshan Petrochem Company before the energy saving week, which will start Sunday.

Energy conservation must be highlighted at the level of national strategy, said Zeng.

Market reform should be sped up and the price of coal, power and petroleum and a price forming mechanism should be set up to reflect the scarcity of the resources, said Zeng.

The vice-premier also urged the reform on financial and tax systems including start of taxation on fuel oil and higher standard for tax collection on resources.

China must increase structural adjustment by supporting third industry and hi-tech industry with low energy cost, Zeng said.

The vice-premier urged concerned departments to set up an energy-saving legal system for tighter management and control in the field.

He also called for more efforts to develop recycling economy and push forward the recycling use of resources.

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