Date
18 October 2017

NDRC to grant subsidies for water supply companies, paper says

Water supply companies could look forward to receiving a subsidy from local administrations as compensation for maintaining water prices at government-stipulated levels, the China Business News reported Friday, citing sources from the National Development and Reform Commission. As of the end of 2012, the average water price in 36 large and medium-sized cities was 2.94 yuan (48.5 US cents) per ton. According to the China Environment Chamber of Commerce, water prices have been relatively low in China, with water expenses making up for less than 1 percent of the urban per capita annual disposable income. Meanwhile, the World Bank’s benchmark for water supply and domestic waste water treatment expenses is at most 5 percent of the household income for developed countries, the report said.

– Contact HKEJ at digest@ejinsight.com

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