China's water resource investment to hit 2t yuan
Updated: 2011-01-24 13:50
By Gao Yuan (chinadaily.com.cn)
China plans to invest about 2 trillion yuan ($303.8 billion) to build water resource facilities during the next five years, People's Daily reported Monday, citing an official from the country's top water resource planner.
Of the 2-trillion-yuan investment, the central government plans to invest roughly 1 trillion yuan, Zhou added.
The nation paid about 700 billion yuan on building water resource facilities during the 11th-Five-Year Plan (2006-2010). The amount was about double what was spent during the 10th-Five-Year Plan (2001-2005), the newspaper reported.
The projects helped solve drinking-water safety problems for 210 million rural residents across the country, the newspaper said.
Meanwhile, during the past five years, the nation's effective irrigation areas witnessed a net increase of about 50 million mu (3.3 million hectares), the report said.
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.