Environmental industries growing in China: analysts

Updated 2017-11-20 10:04:12 Xinhua

Environmental industries are growing fast in China as the government attaches great importance to environmental protection, managers and analysts said.

At an environment services industry expo in Xi'an, capital of northwest China's Shaanxi Province, companies exhumed great confidence in the industry.

Li Maolin, vice president of Guandong Dongri Environmental Protection Co. Ltd., said the company had strong sales in recent years after its founding in 2003.

"Previously we mainly sold water treatment facilities for factories and cities, now as the public environmental awareness grows, there is a great market potential for the general use of these facilities," he said.

Last year, the company sold 80 million yuan (about 12 million U.S. dollars) worth of waste water treatment facilities to rural households. This year sales volume is expected to exceed 100 million yuan, he said.

"If the industrial market is red sea, the market for general users is blue sea, full of market potential," he said.

Qingdao Dongyang Technology Co. Ltd. also eyes the potential for garbage processing equipment in the vast countryside, said sales manager Yang Tao.

"We have sold many garbage processing facilities to Henan Province. I expect strong growth for our sales in the immediate future," he said.

Analysts said investment in the environmental industry during the 13th Five-Year Plan period, from 2016 to 2020, is expected to reach 17 trillion yuan. Annual growth rate will reach 20 percent.

"The 19th National Congress of the Communist Party of China has set new target for environmental protection. China's environmental protection is really expanding and going deep," said Liu Qifeng, deputy head of the China Association of Environmental Protection Industry.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 16 2017 19:04:45

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 16 2017 19:04:45

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 16 2017 19:04:45

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords