China to Spend Most T-Bond Proceeds on Western Development

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Last updated at: (Beijing Time) Wednesday, January 16, 2002

China to Spend Most T-Bond Proceeds on Western Development

The Chinese government will spend most of this year's treasure bond proceeds to step up the development of the western part of the country, top planner Zeng Peiyan said Wednesday.

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The Chinese government will spend most of this year's treasure bond proceeds to step up the development of the western part of the country, top planner Zeng Peiyan said Wednesday.

Priority will be given to road, power supply, radio and TV broadcasting and grain-for-forest projects in western China, said Zeng, minister in charge of the State Development Planning Commission.

In specific terms, Zeng said this year the government will ensure that the three prefectures and 280 counties where there are no bituminous roads will all have such roads toward central cities, and try to let all the 704 towns in western areas now with no access to power supply use electricity.

In addition, the state will enable the people in 10,000 administrative villages to receive radio and TV programs, and launch the project of converting arable land to forest in the western region on a full scale.

Trees will be planted in no less than four million hectares of arable land and barren hills this year, Zeng said at a press conference.

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China's Western Development Makes Good Start