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The present and future investment policy in electric plants is geared at raising the share of non-fossil (including nuclear) and renewable energies. Newly installed capacity accounts for around 40% of the world's total, and the installed capacities of hydropower, wind power and photovoltaic power under construction continued to rank first in the world.

Table 4.18 Investment regime for electricity, 2015 and 2017
2015 Catalogue 2017 Catalogue
Encouraged
(…)
Construction and operation of integrated gasification combined cycle power generation and other clean coal power generation projects Construction and operation of integrated gasification combined cycle power generation and other clean coal power generation projects
(...)
Construction and operation of hydropower stations for the primary purpose of power generation Construction and operation of hydropower stations for the primary purpose of power generation
(...)
Construction and operation of new energy power stations (including but not limited to solar energy, wind energy, geothermal energy, tidal energy, tidal current energy, wave energy, and biomass energy Construction and operation of new energy power stations (including but not limited to solar energy, wind energy, geothermal energy, tidal energy, tidal current energy, wave energy, and biomass energy
(...)
Construction and operation of renewable water Construction and operation of renewable water
(...)
Construction and operation of hydrogen refuelling stations
(...)
Prohibited
Construction and management of conventional coal-fired power of condensing steam plants whose unit capacity is not more than 300,000 kW, within the large power grid, and the coal-fired power of condensing-extraction steam plants with dual use unit cogeneration with unit capacity of not more than 200,000 kW

The Government's main initiatives in recent years to promote manufacturing in China included the adoption of the "China Manufacturing 2025" plan, which was issued on 8 May 2015; it is a 10-year national plan aimed at comprehensively upgrading China's manufacturing sector. The authorities state that the plan includes strategies for various industries including "strategic emerging industries", which had been announced previously. The plan identified (...) ten key sectors [50] (...)

[50] These are: (...) energy saving and new-energy vehicles (...)

The production of automobiles, including "new-energy cars", is subject to approval by the NDRC and the MIIT. The MIIT issued Provisions on the Access Administration of New Energy Vehicle Manufacturers and Products (Access Provisions) on 6 January 2017; the Provisions entered into force on 1 July 2017. The Provisions require manufacturers of new energy vehicles to master the technologies necessary for the development and manufacture of new energy vehicles. (...) On 27 September 2017, the MIIT issued the Administrative Measures for Implementing Parallel Policies including Calculation of Passenger Vehicles' Corporate Average Fuel Consumption and New Energy Vehicle Points.

In April 2017, China announced an automobile mid- and long-term development plan. The plan aims, inter alia, (…) achieve a breakthrough in key areas, such as New Energy Vehicles, (…) energy saving cars.

The State Council issued the Guidelines on Actively Promoting the Actions of Internet Plus on 4 July 2015. (…) The Guideline identified 11 key initiatives that would be integrated with the Internet, including (…) green ecology.

On 17 October 2017, the MIIT issued the Guiding Opinions on Accelerating the Development of Environmental Protection Equipment Manufacturing Industry. The Opinions set the goal of reaching a production value of RMB 1 trillion for environmental equipment manufacturing by 2020.

The main measures adopted by China have been to: (1) set clear goals for reducing excess capacity, i.e. to reduce crude steel capacity by 100-150 million tonnes between 2016 and 2020; (2) adopt market-based and legal means to reduce capacity through facilitating the exit of capacities that do not meet the legal and administrative requirements on environmental protection, energy consumption, (...) (3) take a series of policy measures, such as: establishing an inter-ministerial joint mechanism comprising of 25 ministries and agencies, eliminating obsolete capacity and projects violating laws and regulations, allocating RMB 100 billion to a special fund to relocate workers affected by capacity reduction in the steel (and coal) sectors, enhancing supervision and inspection to prevent reopening of shut-down capacity, and prohibiting new capacity investments violating laws and regulations.

In October 2013, the State Council issued Guidelines on Eliminating Production Overcapacity (Guo Fa [2013] No. 41). The Guidelines indicated that China should curb the blind expansion of industries with excess capacity (including the iron and steel industry) and eliminate production capacity that is built in violation of rules, and phase out outdated capacity. (...) the authorities intend to strictly enforce all laws, regulations, and industry policies on environmental protection, energy consumption, (...)

(…) In July 2017, the NDRC and the National Energy Administration (NEA) unveiled a plan to expand the network of oil and gas pipelines, under which the network should reach 169,000 km by 2025, of which 104,000 km for natural gas, 32,000 km for crude oil and 33,000 km for refined oil. One of the plan's targets is to connect all Chinese cities with a population of at least 1 million people to a pipeline for refined oil and to connect all cities with more than 500,000 residents to a gas pipeline so as to achieve another target: an increase in the share of natural gas in China's energy mix from 6.5% in 2017 to 10% by 2020.