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China’s investment in environmental protection to reach $2.5 trillion

(People's Daily Online)    16:37, July 25, 2016
China’s investment in environmental protection to reach $2.5 trillion

In the 13th Five-Year Plan period, China’s investment in environmental protection may reach 17 trillion yuan (approximately $2.5 trillion). A series of policies related to environmental protection are also in the process of being formulated, according to a Shanghai Securities News report, which cited officials from relevant ministries.

He Binghua, director of the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, said the commission is currently assembling action plans in three categories: energy conservation, water conservation and cycling development.

“Investment in environmental protection will see drastic growth compared to the 12th Five-Year Plan period,” He said.

Gao Yunhu, director of the Department of Energy Conservation under the Ministry of Industry and Information Technology, said China will put great effort into the development of green manufacturing, which includes energy conservation, new energy equipment and new energy cars. Chinese officials will also strive to increase the value of manufacturing to 10 trillion yuan by 2020.

Experts said about 17 trillion yuan is expected to be invested in environmental protection in the 13th Five-Year Plan period (2016-20). Despite increased investment, 70 percent of environmental protection-related needs are still not being met, meaning that there is plenty of room for more investment in the future. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor: Hongyu,Bianji)

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