2008 November 24th Huang Li, a deputy-director in energy saving at the National Energy Administration disclosed that the central government has decided to offer 800 million yuan ($11.76 million) by the end of this year to subsidize China's nuclear power and wind power equipment manufacturers.
The improvement is part of the government's 100 billion yuan additional fiscal package, which should be spent by the end of this quarter, to prevent an excessive economic slowdown.
"The subsidy is mainly targeted at key technology for national nuclear power and wind turbine producers, and about 10% manufacturers will get the subsidy", said Huang expected the move could promote localization of the technology for nuclear and wind power generation.
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