China to invest US$175 billion in environmental protection

China plans to invest 1.4 trillion yuan (US$175 billion) in environmental protection between 2006 and 2010. That is more than 1.5 percent of the national GDP, according to the National Development and Reform Commission (NDRC).

The money will be spent on water pollution control, improving the air quality in cities, disposing solid waste, harnessing soil erosion and improving the rural environment, said He Bingguang, deputy head of the NDRC's environment department.

That is good for the environment and good for the people. It is also an enormous challenge, and an opportunity for both local and international companies. For example, Japan is investing a lot in China, thus contributing to its sustainable development. Read more here, and bookmark China Economic Net's special news page about environmental issues here.

I wrote about Japan-China environmental cooperation here and here.

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