China's State Council Monday published new measures to help boost green industries.
In an industrial development plan last year, China vowed that it will raise the total output value of environmental protection industries to around $730 billion by 2015, or on average a 15 percent yearly increase, reported Xinhua.
The State Council reiterated the goal, vowing to spur technological innovation, expand consumption demand of green and energy saving products, and boost the services industry related to environmental protection.
The central government will direct more of its budget to fund environmental protection industries and encourage eligible companies to issue bonds.
To further improve market mechanisms, pilot programmes for emissions and carbon trading will also be carried out.
China will encourage capable domestic companies to undertake overseas projects in environmental protection, and eligible foreign-funded firms will enjoy the same industrial preferential policy with their Chinese counterparts, the State Council added.
