China smog at crippling levels as climate talks open
China will also reduce annual carbon dioxide emissions from coal-fired power generation by 180 million tonnes by 2020, the official People's Daily website said.
Rich nations vow billions for climate initiatives
In addition to more stringent carbon emission targets, China's cabinet also said it welcomed the yuan's inclusion in the International Monetary Fund's Special Drawing Rights (SDR) basket and it would keep the yuan basically stable, according to the statement.
US, India agree growth, climate protection must go 'hand in hand'
China's cabinet will maintain a floating exchange rate system and will realise yuan convertibility on the capital account in an orderly way, the statement also said.
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