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China’s Ministry of Finance has revealed subsidies for renewable energy in the country will increase by nearly 5% next year. A notice issued by the ministry late last week confirmed that subsidies for renewable energy projects in the country in 2021 will total RMB5.95 billion (US$900 million). 14 provinces (including autonomous regions and municipalities) such as Shanxi, Inner Mongolia, Jilin, Zhejiang, Hunan, Guangxi, Chongqing and Xinjiang, are to receive the grants.

 

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