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A senior government official said Friday that foreign capital is
welcome to participating in China's environmental protection
industry.
Xie Zhenhua, director of the State Environmental Protection
Administration, told a news conference that the output value of
China's environmental protection is about 170 billion yuan (about
US$20.56 billion) a year, and is growing at an annual rate of 15
percent. It is predicted that from 2001 to 2005, the total
investment in environmental protection will reach 700 billion
yuan.
He
said that China's environmental protection industry has great
potential and enjoys a bright future. Market opportunities can be
found in many environmental protection sectors including urban
sewage farms, refuse dump, power plants, motor vehicle exhaust and
consultation services.
(Xinhua News Agency March 14, 2003)
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