BEIJING, April 27 -- American companies and investors can help advance a "greener" economy in China while reaching their own business goals, according to the 2007 White Paper.

    "American companies and industry organizations can play an important role in addressing China's environmental problems," said the report, published by the AmCham.

    "They have extensive knowledge and experience in project management, manufacturing process training and best practices, cutting-edge technologies, environmental management systems, and cooperation between public and private sectors, all of which can contribute to successful pollution prevention."

    AmCham said it supports China's efforts to improve market conditions for environmentally friendly products and services. However, barriers to foreign participation remain, the report noted.

    "Including environmental stewardship into economic planning and decision-making helps guide investors and enterprises toward sustainable, efficient operations," the report said.

    "Additionally, cities and companies that lead this transition will attract investment over others, while attracting top talent."

    AmCham supports the expansion of market-based instruments to implement environmental policies. "Such tools allow businesses a degree of flexibility in their pollution control efforts while minimizing the cost of environmental protection for the Chinese economy."

    (Source: China Daily)