22 September 2022, Thursday, 05:38 277

China invests more in water conservancy projects in past decade

Редактор: Тимофій Борзенко

The Dateng Gorge water conservancy project in Guiping City, south China's Guangxi Zhuang Autonomous Region. Photo by Xinhua/Cao Yiming.

China's investment in water conservancy projects during the past 10 years was five times as much as that in the previous decade, a water management official said. This was reported by The Xinhua News Agency.

"Completed investment in water conservancy projects reached ¥6.66 trln (about $966 bln) in the past decade", – said Zhang Xiangwei, an official with the Ministry of Water Resources.

The investment supported a batch of key flood prevention projects in major river basins and the water management work in small and medium-sized rivers, facilitated risk elimination and reinforcement of reservoirs, and funded 54 cross-basin and cross-region water diversion projects.

"China has ramped up the construction of water conservancy infrastructure in 2022 amid efforts to stabilize the economy", – Zhang said.

So far this year, construction of some 19,000 new water conservancy projects has kicked off nationwide, hitting a record high.

Completed investment in water conservancy projects also reached a new high in the first eight months, surging 63.9% year on year to ¥703.6 bln.

"Construction of water conservancy projects has created huge job opportunities, especially for rural residents", – Zhang added, noting that "1.91 mln jobs were created in the first eight months, including 1.53 mln for rural residents".