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The recycling industry in Qingyuan City has a history of 20 years. Since its inception, it has grown into a largescale industry with local characteristics and an excellent reputation for collection, dismantling and processing waste materials.
Renewable resources refer to so called waste materials generated in the course of daily life or manufacturing that have degraded in value but can be recycled and re-used. Substituting these resources for primary raw materials reduces energy consumption and pollution levels. It is hence little wonder that the recycling industry, as the most important step in the development of a recyclable economy, has received strong support from government around the world.
Demestic sources, however, still account for around two thirds of oil consumption. Traditional fields are located in China's northeast, while a number of newer sources are under development. Rich offshore supplies exist in the Bohai Sea, the large gulf that stretches inland within less than 200 km of Beijing, in the Pearl River Delta near Guangdong, and East and South China Seas.
China's energy industry, along with the rest of its economy, is developing in leaps and bounds. Power shortage has presented a formidable problem for China in recent years, providing certain challenges to the country's budding industrial mechanism. But recent shortages by no enduring handicap.
Foud's activities have won the company praise and admiration in all sectors of Chinese society. In 2005, the Ford Motor Company won the "Best Corporate Citizen Behavior Award" for the second time, in recognition of its active promotion of environmental protection. In 2006, the China Environmental Protection Foundation awarded Ford the "China Environmental Award Corporate Environmental Protection Green Oriental Award," making it the first foreign enterprise ever to have won it.
In addition to the advanced technologies and management methods that transnational corporations have brought to China, they have introduced many corporate concepts, most notably that of corporate accountability/responsibility. Since 2000, Ford Motor (China) Ltd. has awarded RMB 1 million (US $ 125 000) annually to those making outstanding contributions to environmental protection. The award, given with the aim of promoting active environmental protection, has been commended thoughtout Chinese society.