China Earmarks $818 Million to Curb Air Pollution

China’s central government has allocated 5 billion yuan ($818 million) to curb air pollution in six regions including Beijing.

Tianjin city and the provinces of Hebei, Inner Mongolia, Shanxi and Shandong also will get access to the funds, according to a statement posted on the Ministry of Finance’s website today in Beijing.

The money will be distributed to projects based on the reduction in pollution and concentration of fine particulates they intend to make.

The funds will focus on the northern province of Hebei, which has some of the heaviest pollution, the ministry said. Seven of the 10 cities with the worst air pollution were in the northern province of Hebei in the first half, the Ministry of Environmental Protection said in July.

— With assistance by Feifei Shen

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE