In an unprecedented move to strengthen its water infrastructure, China has invested a record 1.35 trillion yuan (approximately $188 billion) in constructing water conservancy facilities in 2024, according to official data released on Tuesday.
The Ministry of Water Resources announced that this substantial investment facilitated the completion of 47,000 water conservancy projects across the country this year. These projects are pivotal in bolstering national flood control measures and ensuring a reliable water supply for millions of residents.
The surge in investment underscores China’s commitment to addressing its water-related challenges amid changing climate patterns and growing urbanization. By enhancing flood defenses and improving water management systems, the nation aims to safeguard its population and support sustainable economic growth.
“The successful implementation of these projects not only enhances our flood control capabilities but also contributes significantly to regional development and ecological conservation,” a spokesperson for the Ministry stated.
This record-breaking expenditure reflects a strategic emphasis on infrastructure development within China’s broader economic policies. Experts believe that continued investment in water conservancy is crucial for mitigating the impacts of extreme weather events and securing water resources for agricultural and industrial activities.
The advancements in water infrastructure are expected to benefit not only the domestic population but also present new opportunities for businesses and investors interested in China’s expanding market for environmental and sustainability initiatives.
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China's water conservancy investment hits record high in 2024
cgtn.com
