China Drafts Plan to Boost Green Facilities Development

[2010-05-05 14:56:14]

China's Ministry of Industry and Information Technology (MIIT) is drafting a plan to develop environmental protection facility manufacturing, the Shanghai Securities News reported on April 30.

Some key environmental protection facility projects might be able to get government subsidies as a result of the plan. An official from MIIT said environmental protection facility manufacturing occupies a basic position in the environmental industry chain, and its development is easily affected by government policies.

China now stipulates that enterprises which invested in environmental protection can enjoy tax incentives in the future, but as no official standard is set, enterprises have no way to prove to the tax department that their investment is in the environmental sector.

"As far as we know, few enterprises have enjoyed the incentives," the MIIT official said.
Source: China Daily