China has come to realise that increased spending on environmental protection can bring net economic benefits by creating a strong domestic environment industry and encouraging exports. Water and air pollution are the main targets at the moment. The environmental services sector is currently strong, but has plenty of room for growth. This will in turn stimulate the environmental equipment sector, which is growing rapidly but currently suffers from too many small companies, outdated manufacturing technology and not enough RandD. By 2010 China aims to be competing strongly in the world market for environmental equipment. Dr Christina Hirche reports on behalf of AchemAsia.
Hirche, C. (2004). China’s environment, today and tomorrow. World Pumps, 2004(451), 42–44. https://doi.org/10.1016/S0262-1762(04)00177-4