Current location:style >>
Water projects to help bolster economy
style733People have gathered around
IntroductionThe Xiaolangdi water conservancy project discharges water to maintain a proper water level in the Ye ...
The Xiaolangdi water conservancy project discharges water to maintain a proper water level in the Yellow River in Luoyang, Henan province, on June 25, 2022. [Huang Zhengwei/For China Daily]
Unprecedented funding hoped to balance out downward pressure
The Ministry of Water Resources has raised an unprecedented amount of funds for water conservancy development in the first half of this year, as it endeavors to tap the potential of such projects to boost growth amid downward economic pressure, Vice-Minister Wei Shanzhong said.
During that time, a total of 748 billion yuan ($111 billion) has been raised for water conservancy development, up by 49.5 percent from the same period last year, he said at a news conference.
A total of 444.9 billion yuan has been invested, 59.5 percent more than in the same period in 2021.
"The amounts raised and invested both hit record highs," he said.
To help water conservancy development play its role in maintaining stable macroeconomic performance, the ministry has intensified its endeavors to broaden financing channels for water conservancy development, he said.
Aside from increasing government investment, it has strived to enhance financial support, encouraged public-private partnerships and pilot real estate investment trusts to get more capital, he added. About 160 billion yuan of the funds raised was contributed by special bonds issued by local governments, up by 293 percent year-on-year.
"With such large-scale water conservancy development, the industry chain of which is long, the investment has proved its effective role in creating job opportunities," he said. In the first half of this year, the development has seen 1.3 million people employed, 73.5 percent of whom are rural migrant workers.
He said the ministry, with other relevant government bodies, has ramped up its efforts to accelerate examination and approval for water conservancy projects. Thanks to the efforts, 14,000 new projects were commenced from January to June, with a total investment of 609 billion yuan.
According to the ministry, it plans to ensure that the country's total investment into water conservancy development reaches at least 800 billion yuan this year. In 2021, the country's total investment into such projects stood at 802.8 billion yuan, up 4.2 percent from the previous year.
To reach the target, the ministry has detailed all tasks in promoting the development and specified departments responsible for them. A consultation conference is being held once a week to promote progress, said Wang Shengwan, head of the ministry's construction department.
He said the ministry created a list of all major water conservancy projects to monitor their progress. Aside from demanding provincial-level authorities roll out measures to ensure that all projects are constructed as scheduled, it also dispatched officials to conduct on-site inspections.
The ministry, for example, issued circulars to urge local governments to accelerate the construction of 34 major projects that were found lagging in progress in June. Relevant local government departments were asked to work on the site to address problems construction teams met.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wisdom news portal”。http://sudan.arandomquote.com/article-30f499877.html
Related articles
Devout Christian doctor, 68, who punched dementia
styleAn 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi ...
【style】
Read moreShadow Puppets Display Charm of Ice Sports
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read moreReal Madrid 1
styleReal Madrid beat Sevilla 1-0 in La Liga on Sunday night to move eight points clear of FC Barcelona a ...
【style】
Read more
Popular articles
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- Tianmu Mountain: A Treasure Chest of Flora and Fauna
- Tibetan Students Receive Care, Education in Wuhan
- Jilin's winter enchantments
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Beauty of Chinese Culture Highlighted During Winter Olympics
Latest articles
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Giving Children in Mountains More Chances to Excel in Life
Lonesome Kane fighting Bayern's path back to success
Shadow Puppets Display Charm of Ice Sports
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Entrepreneur Helps Rural Women Shake off Poverty in Northwest China
LINKS
- China, Like
- Younger Generation Flocks to Museums to Celebrate Chinese Culture
- Highlights of Cultural Activities at Chengdu Universiade
- Women's Wellness, Beauty Market Glowing Brightly
- Asian Games Torch Relay Highlights Dreams in Shaoxing
- Dancing Becomes Popular Entertainment in Taxkorgan, Xinjiang
- Students Learn About Intangible Cultural Heritages in Summer Vacation in Guangxi, S China
- Culture, Museum Craze Drives Consumption During China's Eight
- Guilin Makes Outdoor Sports New Name Card for Tourism
- Across China: Early Childhood Education Program Ensures Strong Foundation for Rural Kids