BIZCHINA / Center
Energy-efficiency drive to create lucrative building market
(Xinhua)
Updated: 2007-06-21 16:48
China's construction material industries have a potential market of 1.5
trillion yuan (US$197.3 billion) in the next ten years as the government
implements its policy to build an energy-efficient society, a government
official has said.
"Energy-saving and environment-friendly green buildings will develop into
a big industry as the government has pledged that half of China's urban
buildings will be energy-efficient by 2010," said Vice Minister of
Construction Qiu Baoxing at a forum on green buildings that concluded on
Wednesday.
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Currently, energy-efficient buildings account for less than one percent
of the total in China.
Experts say the industry will drive rapid development of sectors such as
heat insulation, gardening, and solar heating materials, and
energy-saving doors, windows, lamps, home appliances and the
transformation of existing buildings.
Qiu said recyclable materials would also be much more used.
"The Ministry of Construction will soon formulate a series of
preferential policies in taxation and bank loans with the finance and
taxation ministries to promote the construction of green buildings."
Meanwhile, the ministry would encourage private and foreign investment in
the installation of energy-saving technologies and materials in existing
buildings, he said.
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