New High In China Water Conservancy Investment

25 Jan 2021 by Local Press Report
BEIJING

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.

Source: Macau Business

Source: Macau Business