China Plans 15% Growth For Environmental Protection And Energy Efficiency Sectors

China’s State Council released a document this weekend on developing its energy efficiency and environmental protection sectors.

The document says that the two sectors will strive to reach over 15% average annual growth in the next three years. By 2015, the two sectors’ industrial value aims to reach RMB4.5 trillion ($735 billion), making them strategically important to China’s economy.

Citing an anonymous official from the National Development and Reform Commission, the article defines the energy efficiency and environmental protection sectors as those that provide products and technologies for saving energy resources and protecting the environment, as well as the recycling industry.

It says the sectors are one of seven new strategic industries that the country is focusing to develop further in the future.

Earlier, Chinese media reports pointed to plans by the Chinese government to invest RMB1.7 trillion ($278 billion) to clean up its polluted air and RMB2 trillion ($330 billion) to tackle water pollution.

 

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