China will establish easy financing channels for companies that manufacture energy-saving and environment-protecting equipment, the Shanghai Securities Journal reported Friday.

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The government will issue its 12th Five Year Plan (2011-2015) for this sector soon, Zhou Changyi, director of the Energy Saving and Comprehensive Use Department of the Ministry of Industry and Information Technology, told the Shanghai Securities Journal.

Zhou said China will set standards for the equipment or products manufactured to save energy and protect the environment, aiming to help this sector develop in an orderly way.