Current location:Cosmic Coverage news portal > opinions
China identifies 15,000 projects to be backed by 1
Cosmic Coverage news portal2024-05-21 22:02:41【opinions】5People have gathered around
Introduction(Global Times) 15:49, March 21, 2024This aerial photo taken on September 21, 2023 shows the Dayudu w
This aerial photo taken on September 21, 2023 shows the Dayudu water lifting project in Ruicheng County of Yuncheng City, North China's Shanxi Province. Photo: Xinhua/Yang Chenguang
China's top economic planner said on Thursday that it has allocated all the funds raised through the issuance of an additional 1 trillion yuan ($140 billion) special government bonds for disaster relief and other projects, involving a total of 15,000 public projects.
More than half of the funds are used for the construction of water conservancy projects like flood control, over 200 billion yuan will be used for post-disaster recovery and reconstruction in Beijing-Tianjin-Hebei and other regions, while the rest is used for the improvement of disaster prevention and mitigation capabilities, Liu Sushe, deputy head of the National Development and Reform Commission (NDRC), said on Thursday in Beijing.
Those projects are being carried out in a managed fashion, Liu said, noting that the operating rate of related projects in Beijing city is 48 percent and that in North China's Hebei Province in 45 percent.
Liu said the authorities will strive to make those projects get started in the first half of the year to generate more tangible economic gains within the year.
The Chinese central government announced in October last year that it plans to issue 1 trillion yuan special government bonds, starting from the fourth quarter, to support the rebuilding of disaster-hit areas and raise the country's disaster-relief capabilities.
In addition, China plans to systematically address funding shortages facing some major projects in the course of advancing the national rejuvenation and it will issue ultra-long special treasury bonds starting this year and over each of the next several years, according to this year's Government Work Report.
Liu said the NDRC has carried out study with related government agencies to formulate a plan to use the funds. He said the commission will reserve a batch of projects in key areas including sci-tech innovation, integrated development of urban and rural areas, regional coordinated development as well as food and energy security.
The official said increasing effective investment and leveraging the key role of government investment in social investment is a key part of the NDRC's work this year. This year, 700 billion yuan will be earmarked out of the central government budget for investment on public projects.
Address of this article:http://qatar.gigirondeau.com/article-23d899964.html
Very good!(35998)
Related articles
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- People turning up drunk at emergency departments increasingly older
- Government warns against travel to Gaza, Israel border regions
- Police investigating shotgun attack on rugby team's van in Hawke's Bay
- Israeli army says it kills over 130 militants in E. Rafah
- Israel scraps visit after US allows passage of Gaza ceasefire resolution
- Seven injured after two
- Wellington water: Threat of further restrictions recedes
- Abbey Clancy, 38, shows off a new set of train track braces as she's left red
- Police investigating shotgun attack on rugby team's van in Hawke's Bay
Popular articles
Recommended
David Ortiz is humbled by being honored in New York again; this time for post
What the long
Video shows raid on ship near Strait of Hormuz that a Mideast official says was carried out by Iran
Tauranga boarding house fails healthy homes standards, owner ordered to pay tenants
Joe Rogan's 'brain
Person dies after crash in Waipā, Waikato
'A disgrace': Families doing it tough after government cuts funding to food bank
Chef Jose Andres says Israel targeted his aid workers 'systematically, car by car'
Links
- Travis Kelce responds to Jana Kramer's claims he's a bad influence on girlfriend Taylor Swift
- Democratic ex
- Governor says he won't support a bill that could lead to $3M in assistance to striking workers
- Arrow McLaren selects Pourchaire as replacement driver for the injured Malukas
- Kohli propels Bengaluru to 60
- Georgia Supreme Court declines to rule on whether counties can draw their own electoral maps
- South Sudan mediation talks launched in Kenya with a hope of ending conflict
- Brooks Nader's ex Billy Haire is already on dating app Bumble days after divorce news
- ASU scholar on leave after confrontation with woman at pro
- AP Week in Pictures: Global