Current location:style >>
China identifies 15,000 projects to be backed by 1
style274People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Identities news portal”。http://holyseevaticancity.unhasdecoradas.org/content-89e999832.html
Related articles
Investigators return to Long Island home of Gilgo Beach serial killing suspect
styleMASSAPEQUA PARK, N.Y. (AP) — Investigators returned Monday to the home of a New York architect charg ...
【style】
Read moreWho's made the cut for Meghan's new Montecito inner circle? Polo wives, Britney Spears' ex
styleThe soft launch of Meghan Markle's lifestyle brand not only marked the latest business venture for t ...
【style】
Read moreJogger is left terrified after hair
styleA New York jogger was given the scare of a lifetime while out for his morning run in Central Park.Br ...
【style】
Read more
Popular articles
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Austria coach Ralf Rangnick confirms Bayern Munich contact
- Catch the slingshot
- Heartbroken woman confronts her obsessed ex
- Celebrity birthdays for the week of May 26
- Tennessee would criminalize helping minors get abortions under bill heading to governor
Latest articles
Strictly star Giovanni Pernice's former partner Rose Ayling
Biden administration is announcing plans for up to 12 lease sales for offshore wind energy
Edmunds: What you need to know about wrapping your car
Durek Verrett labels Princess Martha Louise of Norway his 'sun and moon'
Georgia Republicans choose Amy Kremer, organizer of pro
Zoe Ball announces death of her 'dear mama' Julia following short battle with pancreatic cancer
LINKS
- Trump goes from court to campaign at a NYC bodega
- NPR suspends editor who criticized his employer for what he calls an unquestioned liberal worldview
- Trump goes from court to campaign at a NYC bodega
- UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall, Tuesday, 4/16/2024
- Experts reveal the most stressful time of day... and how YOU can ease the pressure
- Queen Mary and King Frederik of Denmark join Queen Margrethe to celebrate her 84th birthday
- China's political advisors discuss foundations of food security
- Voting technology company settles lawsuit against far
- Taylor Swift enjoys another loved
- Zach Werenski scores twice as Blue Jackets beat playoff