Current location:International Intuition news portal > sport
Water projects to help bolster economy
International Intuition news portal2024-05-01 10:47:50【sport】3People 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.
Address of this article:http://dunivujynyt.allesfuersjagen.com/html-18e299911.html
Very good!(3487)
Related articles
- Chinese coast guard fires water cannons at Philippine vessels in latest South China Sea incident
- Fans hail new drama miniseries as a 'masterclass in acting' and demand star is given an Emmy
- US says China is funding America’s fentanyl crisis — Radio Free Asia
- Lebanon says Israeli agents likely killed Hezbollah
- EMMA COWING: Humza Yousaf's obsession with gender politics showed an absolute contempt for women
- Charges dropped against suspect in 2016 cold case slaying of Tulane graduate
- South Carolina Republicans reject 2018 Democratic governor nominee's bid to be judge
- US says China is funding America’s fentanyl crisis — Radio Free Asia
- Immigrant's $1.3B Powerball win spotlights the Iu Mien community
- Arakan Army attacks another junta border outpost in western Myanmar — Radio Free Asia
Popular articles
Recommended
Trainer and Brehm can find a few perks amid New Orleans disappointment
Coffee in North Korea: It’s not just for capitalists anymore — Radio Free Asia
CJ Abrams' leadoff homer lifts Nationals over Dodgers 2
Austrian team Salzburg heading to the Club World Cup after Arsenal eliminated from Champions League
Mexican officials regret US decision not to retry American rancher in fatal shooting of Mexican man
9 facing charges in what Canada police say is biggest gold theft in country's history
Suspects arrested in Arkansas block party shooting that left 1 dead, 9 hurt
Inside the $95B House package focused on aiding Ukraine, Israel
Links
- Nation aims to create over 12 million new jobs
- Children's books boost Sino
- Improved ecological environment attracts common cranes to Karamay, NW China's Xinjiang
- Singapore PM Lee to step down on May 15 and hand power to his deputy
- UN suspends night
- China's broadband speed more than doubles in 3 years, report says
- Washington DC is crowned the hardest
- Xi, Honduran president exchange congratulations on 1st anniversary of ties
- In North Macedonia, two inmates walked out of hospital. Now, police are accused of helping them
- Boston Marathon: Wheelchair racers kick it off from Hopkinton