Favorable tax policies to promote recycling economy

17:00, May 31, 2010      

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The Ministry of Industry and Information Technology (MIIT) will make favorable policies to support the development of a recycling economy, said Gao Dongsheng, deputy director of the Department of Energy Conservation and Resources Utilization under the MIIT.

The ministry has launched the index requirement for recycling economy development during the establishment of a national new-mode industrial base.

Gao said that after more than 30 years of rapid economic development, China has become a country with high energy consumption, a shortage of resources and environmental degradation, which all do harm to the further development of China's economy.

Therefore, he said we should coordinate economic development with resources and the environment together and try our best to tackle the limits on resources and environment.

The data showed that the secondary industry, a main industry for energy consumption and pollution, accounted for over 70 percent of energy consumption, 86 percent of sulfur dioxide emission and 37 percent of chemical oxygen demand emission.

Currently, China's large and medium-sized steel mills' comprehensive energy consumption and fuel consumption of gas are higher than developed countries by 10 percent and 30 percent, respectively. Ferrous metal and non-steel recyclability rate in China is close to 20 percent, which is lower than the average level in the world.

Water consumption per 10,000 yuan of industrial added value in 2009 was 116 cubic meters, higher than the average level of developed countries. Industrial effluents emissions accounted for over 40 percent of the total nationwide, still nearly 8 percent behind the standard.

In addition, with the growth of machinery and electronic product volume and waste machinery and electronic products, the waste of cell phones and related chargers and batteries reached 20,000 tons annually.

Hence, Gao pointed out that China's secondary industry was a typical extensive development mode with high energy consumption, high emissions and low comprehensive utilization ratio. He said China should speed up circular economy, reduce energy consumption and emissions and improve recycling utilization rate. All of these are the serious tasks for transforming industrial development and are also the necessary requirements for new industrialization.

He said that the MIIT would promote the recycling economy. The ministry will put the circular economy into the 12th Five-Year Plan and improve the circular economy level in key fields and industries. During the 12th Five-Year Plan, energy-saving effects should be realized in steel, ferrous metal, construction materials, chemistry and other industries.

The pilot programs will be carried out in the industries with long industrial chains and those that produce large amounts of waste, in order to explore the suitable circular economy development mode. The MIIT will also strengthen technology development and its application in circulation economy.

By People's Daily Online


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