Nov. 20 (Bloomberg) -- Investment in water conservation this winter and next spring among governments and private companies in China will increase by more than 15 percent to more than 336.4 billion yuan ($54 million), the China Securities Journal reported.
The nation will raise public-finance spending further by requiring that 10 percent of the profits from land grants be used for water-conservation construction, the report said, citing Chen Lei, minister of water resources.
This year, China’s government has earmarked about 91 billion yuan, or 20.8 billion yuan more than a year ago, to keep drinking water safe in rural areas, renovate and construct large-scale irrigation and pumping stations, reinforce dangerous dams and conserve water and soil, Du Ying, vice chairman of the National Development and Reform Commission, was cited as saying.
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