China Warns US: Carbon Tariff Will Invite Retaliation
Two high level US political figures, both of Chinese ancestry, Secretary of Commerce Gary Locke and Secretary of Energy Steven Chu, are on a "green visit" to China. China has said it is strongly opposing the new "carbon tariff" proposed by the US, and warned that it could trigger trade problems.
Government to Subsidize Scrapping of 2.7 Billion Old Cars
All the old cars and appliances collected from this program, instead of being sold at second-hand markets, will be disassembled and useful components will be recycled. 450 car disassembling enterprises in China will be allowed to disassemble cars collected by the program, though only one or two enterprises, chosen by bid, will be allowed to disassemble collected home appliances.
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