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HOHHOT Leighton Vander Esch Youth Jersey , Dec. 18 (Xinhua) -- China's largest forest zone earned 400,000 yuan (60,000 U.S. dollars) from its first sale of carbon offset credits Monday.
The Chuo'er forestry bureau of the Greater Hinggan Mountain forest in Inner Mongolia Autonomous Region said it sold 40,000 tonnes of the forest zone's total 1.39 million tonnes of offset credits to an investment management firm in Zhejiang Province.
The Greater Hinggan Mountain forest zone covers an area of 106,700 square meters in Inner Mongolia with forest coverage reaching 77.44 percent. Commercial logging is banned.
Yu Shiping, an official with the Chuo'er forestry bureau Sean Lee Youth Jersey , said carbon offset trade has created a bright future for maintaining and growing the forest.
China's carbon trade began in 2011. The market is open in seven provinces and municipalities and is expected to expand nationwide.
Apple Inc continued to struggle in China in its most recent fiscal quarter, with declining revenue from the market. Though iPhone sales might never return to its glory days because of rising competition in the market, there is still huge potential for the technology giant in China services.
The California-based company on Tuesday reported yet another quarter of revenue decline from China, though the drop eased slightly from the falls in previous quarters.
In its fiscal third quarter, which ended on July 1, Apple's revenue generated from the market Terrance Williams Youth Jersey , including Chinese mainland, Hong Kong, Macao and Taiwan dropped 10 percent from the same quarter last year to a little over $8 billion. In the previous two quarters of 2017, Apple revenue from the areas dropped 12 percent and 14 percent, both on a year-on-year basis.
Though in its filings on Tuesday, Apple did not disclose sales numbers specifically for the Chinese market Cole Beasley Youth Jersey , experts said that a sluggish sales performance was what really dragged down the company's revenue in the market.
"The decline in revenue is no doubt because iPhones are facing much fiercer competition from