Home>>China
Last updated at: (Beijing Time) Tuesday, January 07, 2003

China Uses One-fifth of State Bonds on Water Works

China's Minister of Water Resources Wang Shucheng has said that over the past five years the country had issued state treasury bonds worth about 660 billion yuan, using nearly one-fifth of those, worth 125.8 billion, for water works.


PRINT DISCUSSION CHINESE SEND TO FRIEND


China's Minister of Water Resources Wang Shucheng has said that over the past five years the country had issued state treasury bonds worth about 660 billion yuan, using nearly one-fifth of those, worth 125.8 billion, for water works.

Wang said at an on-going national water conservation meeting Sunday that since 1998 when the Yangtze River, China's longest, suffered a disastrous flood, the central government had earmarked about 178.6 billion yuan for hydraulic construction, 2.36 times that of the total hydraulic investment between 1949 to 1997.

During the past five years, the massive investment was mainly used on building embankments, upgrading old dams, improving agricultural irrigation systems and making drinkable water available to more people.


Questions?Comments? Click here
    Advanced






China Defines 10 Major Goals in Water Conservancy



 


China Lodges Formal Representation to Japan About Diaoyu Islands ( 2 Messages)

Russia Warns US Against Improper Approach to DPRK's Nuclear Issue ( 74 Messages)

China's Unmanned Spaceship Lands ( 2 Messages)

China's Space Program on Course: Official ( 4 Messages)

US to Take Part in Taiwanese Military Drills: Report ( 2 Messages)



Copyright by People's Daily Online, all rights reserved