Latest News:  
Beijing   Sunny/Overcast    10 / 4   City Forecast

People's Daily Online>>China Business

Beijing to invest $636b in water-related projects

By  Fu Jing in Marseille, France  (China Daily)

10:40, March 15, 2012

China's Minister of Water Resources Chen Lei said the government is planning to invest $636 billion through 2020 in various projects to harness water and prevent related disasters.

Chen said the investment will mainly be channeled from various levels of government, while some of the projects are open to foreign investors.

"Investment will be scaled up in the coming decade and a water financing mechanism with a public budget and revenue as a major channel shall be set up," Chen said at the Ministerial Conference of the World Water Forum, which began on Monday.

No other country in the world faces more challenges in harnessing water than China, he said. The country has a large population with poor access to water, uneven distribution and frequent natural disasters such as floods and droughts.

He said China will continuously strengthen its water resources planning system and consolidate integrated water resources management.

To address water safety, Chen said the Chinese government has decided to speed up the construction of rural water supply projects so that they are completed by 2015.

【1】 【2】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. "Little Potala Palace" attracts millions of tourists

  2. Chinese version of Charles III rehearsed in Beijing

  3. Chinese medical team leaves for Liberia

  4. Animals enjoy spring sunshine

Most Popular


  1. China's diplomacy needs courage and strategy
  2. Death penalty does not hold answer to corruption
  3. Socialist democracy to illuminate China's future
  4. Truth about Tibet is slowly coming to light
  5. Expert: Glitter of foreign diploma to fade away
  6. NPC reform reflects vote of confidence
  7. Facing problems forges confidence for development
  8. Defense budget guards peaceful intentions
  9. Will China's economy keep growing or slow down?
  10. Chinese products bring benefits to U.S. consumers

What's happening in China

Ship sunk in Guangxi fatal collision located

  1. Privacy becomes core healthcare issue
  2. Dongfeng Honda recalls cars with defective horns
  3. China to regulate online group buying
  4. SW China police bust drug trafficking ring
  5. Collapsed cement storage tank kills 2 in E China

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai