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Chinese enterprises eye green growth
Date:2019-01-08  Source:Xinhua

China's green sector is attracting growing investment from enterprises as the country strives to balance economic development and environmental protection.

Data from the National Bureau of Statistics showed investment in the environmental sector surged 42 percent year on year in the first 11 months of 2018, up 5.3 percentage points from the January-October period.

The country has launched a full-scale campaign to safeguard clean air, water and soil in recent years, with laws put in place, inspectors mobilized and officials punished for pollution. The push has created plenty of business opportunities.

"China's environmental industry maintained a growth of about 17 percent in 2017, and the growth of the environmental engineering and equipment sector specifically could reach 15 to 30 percent in 2018," said Wu Shunze, director of the environmental and economic policy research center at the Ministry of Ecology and Environment.

By 2020, sales of major products and equipment related to energy conservation and environmental protection are expected to double their level in 2015, according to a government plan.

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