Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's investment in water conservancy hits new high in 2020

January 18, 2021


Abstract : China's investment in water conservancy facilities hit a record high of 770 billion yuan (about 118.5 billion U.S. dollars) last year, according to the Ministry of Water Resources.

BEIJING, Jan. 16 (Xinhua) -- China's investment in water conservancy facilities hit a record high of 770 billion yuan (about 118.5 billion U.S. dollars) last year, according to the Ministry of Water Resources.

Local authorities were encouraged to use special government bonds and bank loans to increase the scale of investment in water conservancy as much as possible amid efforts to offset the impact of the COVID-19 epidemic, the ministry said.

Some 150.9 billion yuan of special local government bonds were used to finance water conservancy projects in 2020, almost six times the amount in 2019.

Construction began on 45 major water conservancy projects last year, including flood-control projects, reservoirs and irrigation facilities.

This year, China will speed up the construction of water conservancy projects and continue to give full play to the role of water conservancy in stabilizing investment and maintaining growth, the ministry said. Enditem

Scan the QR code and push it to your mobile phone

Keyword: water conservancy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial