USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Industries

Chinese environmental protection equipment output to hit 1t yuan by 2020

Xinhua | Updated: 2017-10-25 16:14

BEIJING - China aims to boost its output of environmental protection equipment manufacturing industry to 1 trillion yuan ($151 billion) by 2020, according to the Ministry of Industry and Information Technology (MIIT).

The goal was set in a guideline issued by the MIIT Tuesday. It expects the industry to complete an innovation-driven development system by 2020, by enhancing its supply efficiency and market share.

Major fields targeted by the guideline include air and water pollution control, as well as treatment for soil contamination and solid waste.

Manufacturers should accelerate technological research to develop key pollution control equipment and materials, especially in the sectors of steel, chemical, non-ferrous metal and construction materials, the guideline said.

The manufacturing process must be smarter and greener, with the Internet of Things, robots and intelligent solutions widely applied in the environmental protection equipment industry.

The guideline also encouraged manufacturers to further improve their products and to strengthen branding to bring more added value to environmental protection equipment.

Industrial clusters with both leading and small-scale companies will be established. The industry also requires integrated development with the internet and the service sector, the guideline said.

It highlighted fiscal and financial support for the sector, including tax breaks and other financing instruments such as green credit and green bonds.

Third-party agencies are also encouraged to play their role in setting standards and monitoring the industry, the guideline said.

In 2016, the market value of Chinese environmental protection equipment manufacturing doubled to 620 billion yuan, compared with 2011, MIIT data showed.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US