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Bonuses Offered To Encourage Beijing Firms To Fight Pollution

SCMP | 20 October 2008

Beijing enterprises (SEHK: 0392) could get a government bonus ranging from 500,000 yuan (HK$567,450) to 2.3 million yuan for ceasing high-pollution production, the city’s finance bureau said yesterday. The move was to encourage the replacement of high-pollution industries with environmentally friendly businesses, it said.

Companies such as small cement and paper producers will be on the top of our list,” the bureau said. Bureau officials said fiscal incentives would be granted in accordance with the amount of energy, water and emission the companies saved or cut. The municipal government would conduct verification of the steps taken by the companies to fight pollution before giving out the bonuses. Xinhua

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