- CNTV English - CCTV News

Homepage > News > Biz >

Environmental equipment industry output rises 32 pct

03-14-2012 15:10 BJT

BEIJING, March 14 (Xinhua) -- The output value of China's environmental equipment industry rose 31.64 percent year-on-year to reach 130.46 billion yuan (20.71 billion U.S. dollars) in 2011, the Ministry of Industry and Information Technology said Wednesday.

The sector's sales climbed 31.09 percent from one year earlier to reach 126.89 billion yuan last year, while profit margins increased 0.3 percent to hit 7.53 percent, the ministry said in a statement on its website.

Exports rose 25.66 percent to 5.08 billion yuan, while fixed asset investment jumped 36.68 percent to 23.9 billion yuan.

Despite an improvement in profitability, the industry still struggled with rising raw material and labor costs, as well as capital shortages, according to the statement.

The ministry said it expects the output value of the environmental equipment sector to increase by over 20 percent this year with increased capital support from the government.

Sales of wastewater, refuse and mud treatment facilities are expected to rise sharply in 2012.

Meanwhile, the air monitoring equipment sub-sector will likely grow rapidly this year with the implementation of stricter air quality standards, according to the statement.

However, the ministry warned of a slowdown in export growth due to rising trade protectionism and sluggish global economic recovery caused by the ongoing debt crisis in Europe.

China targets to raise the output value of its environmental equipment industry to 500 billion yuan by 2015, according to the 12th Five-Year Plan for the Environmental Equipment Industry released by the ministry in early March.

Editor:Wang Lingfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program