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The output value of environment-related businesses in China is
expected to increase by 15 percent annually in the next five years,
said an official.
Yu Dehui, an official with the State Environmental Protection Administration
(SEPA), made the remark at a seminar Monday.
Yu said the growth rate will reach at least 12 percent from 2005
to 2010 and the industry's output value may account for 2 percent
of China's Gross Domestic Product (GDP) ten years later.
Yu noted that the country's investment in the environment- related
cause has kept expanding since 1999 and it accounted for one percent
of China's GDP last year. This could be regarded as a positive signal
for the industry's rosy future.
"However, more efforts will be made toward developing the
environment-related business market," Yu said.
"A market type of environment protection framework will be
effective, especially under China's socialist market," said
Kurt Tong, science counselor with the U.S. Embassy in Beijing.
This market framework will bring broader participation of government,
experts, non-governmental organizations and common citizens and
also provide a "cost and benefit" tool for the country
to make the environment-related decision, he added.
Tang also suggested that a more accurate calculation method of
the cost of environmental problems be introduced with the market
framework.
The Chinese Government has encouraged professional firms, including
foreign companies, to engage in running the environment protection
facilities, such as processing rubbish or polluted water, said Xu
Shufan, another SEPA official.
Private companies will be eager to enter the environment- related
businesses if the profit can be guaranteed and the risk be reduced,
said James Gao, chief representative of Suez Lyonnaise Des Eaux,
a major French water company.
(People's Daily 03/27)
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