China 2024-04-15T05:16:24+03:00
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China's investment in water conservancy reaches record high

China's investment in water conservancy reaches record high

investment, China, construction, PRC, Water Resources
China's investment in water conservancy. Photo by Xinhua.
China's investment in water conservancy. Photo by Xinhua.
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"China invested a record ¥823.6 bln ($115.88 bln) in water conservancy facilities from January to September, up 64.1% year on year", – Vice Minister of Water Resources Liu Weiping said. This was reported by The Xinhua News Agency.

"During the first nine months, China began construction on 42 major water conservancy projects, with a combined investment of over ¥1.9 trln", – Liu told a press conference.

The construction of water conservancy projects created 2.09 mln jobs during the nine months, including 1.71 mln for rural workers.

Liu said China completed the annual target of investing ¥800 bln in water conservancy projects three months ahead of schedule.

"This is because we have made the best use of economy-stabilizing measures and follow-up policies", – Liu said, adding that "financial inputs from other sources like local government special bonds and private capital have also been used well".

He said China would continue to invest in the construction of water conservancy facilities in the fourth quarter to ensure its annual investment exceeds ¥1 trln yuan.

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