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| Residents take used items to their local recycling center in Hefei, Anhui province. (Photo/Xinhua) |
China has
published measures to help boost green industries as it looks to increase
domestic demand and update its economic structure, according to a document
issued by the State Council or cabinet.
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% 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 consumption, according to the
document.
To further
improve market mechanisms, pilot programs for emissions and carbon trading will
also be carried out, the State Council said in the document.
China will
encourage capable domestic companies to undertake overseas projects in
environmental protection, and eligible foreign-funded firms will enjoy the same
industrial preferential policy with their Chinese counterparts, the State
Council added.
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