China to boost value of green industries
Print Edition
China has published measures to help boost green industries as it looks to lift domestic demand and update its economic structure, according to a document issued by the State Council.
The country vowed in an industrial development plan last year that it will raise the total output value of environmental protection industries to 4.5 trillion yuan (US$729.7 billion) by 2015, or on average a 15-percent yearly increase.
The State Council reiterated the goal in its latest document, vowing to spur technological innovation, expand consumption demand of green and energy saving products, and boost the services industry related to environmental protection.
In terms of specific policy measures, the central government will direct more of its budget to fund environmental protection industries and encourage eligible companies to issue bonds, according to the document.
Efforts will also be made to establish pricing schemes of renewable energy and to push forward tiered prices for household water and gas use, the document said.
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