Forecast about Chinese government’s subsidies for bio-fuel (ethanol) development (million RMB)
|
2004
|
2005
|
2006
|
2010
|
2020
|
|
Processing Capacity (million tons)
|
1.14
|
1.34
|
1.56
|
2
|
10
|
|
Support for Output
|
|
Cutting down consumer tariff
|
256.5
|
301.5
|
351
|
450
|
2250
|
|
Cutting down VAT
|
204
|
240
|
279
|
358
|
1790
|
|
Other grants
|
214
|
181
|
140
|
119
|
119
|
|
Producing factors – Capital
|
|
Lending with low interest
|
6.94
|
8.16
|
9.5
|
12.18
|
60.9
|
|
Total
|
681.4
|
730.7
|
779.5
|
939.2
|
4219.9
|
Source: National Development and Reform Committee (NDRC), 2008