“The government is upgrading the environmental sector to the rank of a ‘key industry,’ a title that had been reserved for the steel and pharmaceutical industries, as well as biotechnology. Under the new guideline, the sector is expected to earn a massive $728 billion (€545 billion) by 2015, and to grow at twice the rate of the rest of the economy. Beijing wants to boost manufacturers of energy-efficient power plant equipment, significantly increase the number of cars and buses running on liquefied natural gas and further expand the number of wind and solar farms, as well as nuclear power plants, using investments, tax breaks and direct subsidies.”
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