From 2001 to 2005 China will earmark 700 bln yuan, representing 1.3 percent of its GDP, for environmental protection and improving ecological environment. The funds will go to treatment of water pollution, air pollution, solid waste, ecological protection and construction of infrastructure for environment protection, says Wang Yuqing, Vice Director of the State Administration for Environmental Protection at the "Sino-Korean Forum on Investment in Environmental Protection and Technology" held in Qiingdao on Sept. 16.

After 20-odd years' development, the environmental protection industry has become a transindustry, transregional and comprehensive industry.

By People's Daily Online