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A booming industry with an enormous market potential is emerging
as a byproduct of the government's increasing concerns with environmental
protection.
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Analysts predict that the environment protection industry in China
will grow by over 15 percent annually in the following five years.
In 2010, the value of the industry will hit 250 billion yuan (30
billion US dollars) from the current 70 billion (8.5 billion US
dollars).
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In the coming decade, Chinese cities will need more technologies
and devices to treat sewage, polluted air, and garbage, as prefigured
by experts.
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Among the 700 main cities in China, environmental protection departments
are capable of treating only 20 percent of the sewage and 10 percent
of solid trash. Within five years, their treatment capacity is required
to reach 50 percent or even higher.
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Meanwhile, the government will aid research on new clean energy
to replace the traditional ones.
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The government spent 10 billion yuan (1.2 billion US dollars) on
environmental protection this year, up nearly 25 percent from last
year. It has planned to put about 40 billion yuan (4.8 billion US
dollars) into environmental protection in the coming five years.
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The Chinese government will still encourage the development of enterprises
which provide equipment and technologies for environmental protection
by offering preferential policies.
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China still welcome investment and cooperation from overseas partners
in this field, said Xie Zhenhua, who is in charge of the State Environmental
Protection Administration.
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Experts say that the environmental protection industry is likely
to become another economic growth point in China.
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So far, local governments in Tianjin, Shanghai, Jiangsu, Zhejiang,
Yunnan and Shenyang have carried out vigorous policies to support
the new growing industry.
(Beijing-2008 12/22/2000)
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