Policy incentives for the environmental protection equipment market.
The issuance of the series of policies reflects the country’s increasing emphasis on the environmental protection equipment manufacturing industry and leads the industry to a healthy and rapid development path.
According to data from the Ministry of Industry and Information Technology, in 2016, China’s environmental protection equipment manufacturing industry realized an output value of 620 billion yuan, doubled from 2011. In recent years, the average annual growth rate of environmental protection equipment manufacturing industry has remained above 20%. In 2018, the annual output value of environmental protection equipment manufacturing industry will reach 8900. 100 million yuan, the Ministry of Industry and Information Technology’s 2020 billion goal is expected to achieve breakthroughs.