China to invest 4t yuan in water resources
Updated: 2011-01-21 15:34
By Gao Yuan (chinadaily.com.cn)
China will invest four trillion yuan ($607.2 billion) on the construction of water resource facilities during the next 10 years, China Business News reported Friday, citing sources from the Department of Water Resources of Sichuan province.
China invested more than 200 billion yuan on water resource facilities in 2010, in which the central government made an investment of 98.7 billion, said Chen Lei, minister of the Ministry of Water Resources.
The report also said the multi-trillion-yuan figure is just a gross amount, and the amount of central government's investment has not been decided yet.
According to the current policy, the central government would pay 50 percent of the investment, it added.
President Hu Jintao is on a state visit to the US from Jan 18 to 21.
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.
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.