The Chinese government invested over 10 billion yuan to develop innovative green technologies

It's reported that the Chinese government has invested over10 billion yuan (1.47 billion U.S. dollars) in research and development of green technologies for the 2006-2010 period.

Zhang Laiwu, vice minister of science and technology at a press conference in Beijing pointed out that, China had developed key technologies that could cut greenhouse emissions . More than 1.6 million LED lights were being used in 21 cities in a pilot program to promote the use of LED lights, which will save more than 164 million KWH of electricity annually. 

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