China's Green Initiative

 

 

Jing Nealis - Global Tax Director @ Suntech Power

China’s State Council released a report announcing measures to facilitate the enhancement of domestic green industries. The plan seeks to raise domestic demand and revise its economic structure. China’s 2012 industrial development plan calls for the increase of the value of environmental protection industries to RMB 4.5 trillion (US$ 729.7billion) by 2015 – an average annual increase of 15%.

The State Council also promised to encourage technological innovation and raise the demand for green and energy-saving products in relation to environmental protection.

This plan gives great hope for the struggling Chinese solar industry!