Development of “strategic new industries” accelerated
On 8 September 2010, the State Council decided to accelerate the adoption and development of “strategic new industries (Guofa1 “2010” NO 32). This decision has confirmed seven industries including energy conservation and environment protection as well as new energies as “strategic new industries,” and will exercise a supportive policy for the industrial development. This will undoubtedly reinforce the financial strength, which will strongly impel industry development for the long-term as well.
The solid waste industry will enter into a very promising development age with this governmental support, especially for the marketing prospects of the municipal solid waste disposal industry. According to China’s Municipal Solid Waste Market Report 2010, funding for China’s municipal solid waste disposal market will be greatly increased during the 12th Five-Year-Plan. For the next ten years, the ratio of waste incineration disposal volume in China will increase from 2%-3% to 10%-12%, while the annual investment in the energy-from-waste-industry will amount to approximately RMB 80 billion.
1 Guofa refers to the documents issued by the State Council of China
