The Global View

China pledges $175bn for eco protection

During China’s 11th five-year plan (2006 – 2010), it will invest a total of 1.4 trillion RMB ($175 billion) in environmental protection, focusing on the fields of water pollution, air pollution, solid wastes and ecological systems and nuclear safety, according to China Water Web.

This comes at a time when reports were published that China creates two new coal power stations every week.

It also is anticipated that by the end of 2010, the annual increasing rate of China’s environmental protection industry will reach 15 per cent, and its annual value will be 880 billion RMB ($110 billion)

China Water Web has more (in Chinese though 😉 )