Environmental protection equipment industry frequently receives policy support

According to the National Development and Reform Commission, the “Environmental Protection Equipment (Products) Catalogue (2010 Edition), currently encouraged by the state” has been jointly issued by the National Development and Reform Commission and the Ministry of Environmental Protection. Some equipment will receive policy support.
At the same time, the Ministry of Industry and Information Technology is also stepping up efforts to formulate the "12th Five-Year" environmental protection equipment development plan, focusing on the implementation of policy measures, so that companies can enjoy real benefits.
The “Catalogue” issued jointly by the National Development and Reform Commission and the Ministry of Environmental Protection made it clear that the coal-fired power plant denitrification equipment, industrial furnace flue gas desulfurization equipment, and electric bag composite dust removal equipment were included in the encouraged area, and a number of independent intellectual property rights were added. There is a higher technological content of equipment as an incentive for development.
Relevant ministries and committees have made it clear that any technological transformation project of a company that uses domestically-made equipment in the catalogue will enjoy preferential policies for investment tax credits and depreciation policies for domestic equipment used by enterprises. Enterprises can use the domestically-manufactured equipment in the catalogue, and after the company has submitted an application and reported it to the competent tax authority for approval, it can implement the accelerated depreciation method.
To guide the development direction of the environmental protection industry, relevant departments will focus on encouraging the development, development, production, and use of listed equipment (products) in technological innovation and technological transformation projects; appropriate subsidies will be given to eligible national key projects.
In response, Hou Yuxuan, a researcher in the environmental protection industry of China Investment Advisors, pointed out that the financial support of the government will greatly improve the situation in which environmental protection equipment will not stand still and create more stable development space for enterprises and research and development units.
For a long time, because the technology is not up to standard, our country's environmental protection equipment usually refers to foreign advanced equipment. The development of domestic equipment is uneven.
Cindy Zhang, director of China Investment Consulting, pointed out that clear and complete policy support will play a major role in the development of environmental protection equipment. As a vibrant emerging industry in the machinery industry, environmental protection machinery should be the focus of China's machinery industry to optimize industrial restructuring.
The investment adviser’s report also predicts that by 2010, the total output value of China's environmental protection industry will reach 880 billion yuan, accounting for about 3.4% of the annual GDP of the same period, and the output value of environmental protection equipment will reach 120 billion yuan, accounting for 13.6%. China’s environmental protection machinery industry has It has become a sunrise industry with great development potential.

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