Business
        

Economy

China to invest 2t yuan in water projects in next 5 years

Updated: 2011-01-21 13:53

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- China will invest 2 trillion yuan ($303 billion) into water projects during the next five years, said an official with the Ministry of Water Resources on Thursday.

Half of the investment will come from central government coffers, said Zhou Xuewen, who is in charge of project planning with the ministry.

Related readings:
China to invest 2t yuan in water projects in next 5 years Is water pipeline project merely a pipe dream?
China to invest 2t yuan in water projects in next 5 years Vice premier urges industrialization,urbanization
China to invest 2t yuan in water projects in next 5 years Efforts urged to build S-N water diversion project
China to invest 2t yuan in water projects in next 5 years Water diversion project moves tide of people

In the year 2011 alone, the central government will invest more than 20 billion yuan to push forward construction of key projects. The investment will also go into projects to provide 60 million more people with access to safe drinking water in rural areas, Zhou said.

By the end of 2011, 77 percent of rural people will have access to safe drinking water, he said. Meanwhile, the ministry will continue to fix old reservoirs and embankments with safety problems as fixing and building water infrastructure is the ministry's strategic focus this year, he added.

China's investment in water projects during the past five years surpassed 700 billion yuan, higher than any previous five-year periods, said Chen Lei, minister of water resources.

Specials

President Hu visits the US

President Hu Jintao is on a state visit to the US from Jan 18 to 21.

Ancient life

The discovery of the fossile of a female pterosaur nicknamed as Mrs T and her un-laid egg are shedding new light on ancient mysteries.

Economic Figures

China's GDP growth jumped 10.3 percent year-on-year in 2010, boosted by a faster-than-expected 9.8 percent expansion in the fourth quarter.

2011 postgraduate entrance exam
Pet businesses
Critics call for fraud case to be reopened