Ma­jor wa­ter con­ser­va­tion projects to start

China Daily (Canada) - - NEWS CAPSULE -

China will start 15 ma­jor wa­ter con­ser­va­tion projects in 2017 amid ef­forts to boost in­vest­ment and sta­bi­lize growth, the coun­try’s top eco­nomic plan­ner said.

To­tal in­vest­ment in ma­jor wa­ter projects un­der con­struc­tion should ex­ceed $131.3 bil­lion (900 bil­lion yuan) by the end of this year, com­pared with the cur­rent level of 800 bil­lion yuan, said Wu Xiao, an of­fi­cial with the Na­tional De­vel­op­ment and Re­form Com­mis­sion, at a con­fer­ence.

In 2016, 21 ma­jor wa­ter projects were started.

With its econ­omy slow­ing, China views in­fra­struc­ture in­vest­ment as sig­nif­i­cant in boost­ing growth. China’s fixedas­set in­vest­ment con­tin­ued to cool in 2016, grow­ing 8.1 per­cent year-on-year, down from 10 per­cent in 2015 and 15.7 per­cent in 2014. How­ever, in­vest­ment in in­fra­struc­ture con­struc­tion ac­cel­er­ated by 0.2 per­cent­age points, grow­ing 17.4 per­cent year-on-year in 2016, of­fi­cial data showed.

PRO­VIDED TO CHINA DAILY

Part of a lantern show to cel­e­brate the Chi­nese Lu­nar New Year in Nan­jing, cap­i­tal of Jiangsu prov­ince.

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