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NDRC: 350b yuan to pour into environmental industry

By Li Jing (China Daily)
Updated: 2008-11-27 11:08

NDRC Nov 27 Press Conference

Related readings:  China to buy crops to protect farmers  350b yuan to pour into environmental industry  Total investment to surpass 18t yuan next year  Fuel tax scheme to be made public soon Economic planner unveils stimulus breakdown

Among the country's 4-trillion-yuan financial stimulus plan, 350 billion yuan will be spent on improving the ecological environment and treating pollution, Zhang Ping, minister of the National Development and Reform Commission, told a press conference in Beijing today.

The four-trillion-yuan investment will not be spent in the energy and resource-intensive industries or high-pollution industries, Zhang said.

Zhou Shengxian, minister of environmental protection, said earlier that the main targets of environment investment will go to beef up rural environmental efforts.

China's fledgling green industries, such as those involved in the development of renewable energies and pollution treatment, will also benefit from the investment plan, according to Zhou.