InvestorsHub Logo
Followers 37
Posts 3835
Boards Moderated 0
Alias Born 01/01/2006

Re: None

Thursday, 07/06/2017 2:40:23 AM

Thursday, July 06, 2017 2:40:23 AM

Post# of 40914
Biological Fertilizer Industry Positioned to Benefit from the New Draft Soil Prevention and Control Law
Time:2017-07-04 21:50

On June 22, China’s top legislature the National People’s Congress (“NPC”) has started deliberating a new Soil Pollution Prevention and Control Law drafted by the National People’s Congress Environmental and Resources Committee. The draft law has been included in the legislative plan of the twelfth NPC Standing Committee, which signifies the top-level design of soil remediation is gradually improved.

The draft law explicitly stipulates the governments to implement the responsibility on preventing soil pollution. The draft law also promised a soil pollution control standards system that will be rolled out across the country and a national soil condition census every ten years. According to the draft, a network of monitoring stations will be established with data and relevant information collected and shared among environmental, agricultural, land resource, and forestry authorities.

The draft has proposed to set up a fund for an escalating national was against soil pollution, and the fund will be used for contaminated soil remediation on farmlands the lands on which those responsible for the pollution and the land use right users are unidentifiable and deceased. In the history of the United States, the “Superfund” has been regarded as crucial in the soil pollution prevention and treatment. The fund initiated by the draft will be China’s superfund.

The coming promulgation of the law will be beneficial for enterprises specify in soil remediation and biological fertilizer, and these industries will welcome a three-year high speed development period.

http://www.kiwabiotech.com/index.php/news/view?id=221

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.