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In recent years, the environmental protection industry in China has highlighted counter-economic cyclicality. Affected by policy dividends, it has entered a stage of rapid development.
The "13th Five-Year Plan" is a five-year period of rapid development for my country's environmental protection industry. Based on the "three major action plans", it is expected to drive the industry to invest more than 6 trillion yuan, with an average annual compound growth rate of 10%. It is expected that by the end of the "13th Five-Year Plan", the proportion of environmental protection investment in GDP will reach 1.45%. From the national level, the energy-saving and environmental protection industry has been elevated to a pillar industry of the national economy, and the era of great environmental protection will continue.
By 2020, my country's per capita GDP will reach US$4,000, the country will enter the "environmental turning point" stage as a whole, and the national economy will develop in a "flying geese" array. The eastern, central and western regions will successively cross the apex of the environmental Kuznets curve. Environmental pollution control will usher in 15-20 years of sustained and vigorous development, and the development of China's environmental protection industry will enter a golden stage.
Currently, the overall life cycle of China's environmental protection industry is entering the middle and late stages of growth. Whether from the investment side or the policy side, its counter-economic cycle properties are beginning to become more apparent.
