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	Abstract
1	Introduction
2	Terms relevant to Payment for Ecosystem Services
3	Major components of PES schemes in China
	3.1	Basic financial principles for PES schemes
	3.2	Determination of compensation standards
	3.3	Approach for PES
4	The rapid rise of PES in China
	4.1	Major PES programmes in China
	4.2	Pilot studies on PES implementation in China
5	Future perspectives
6	Acknowledgements
	References
	Figures
	Tables