China plans to take up 172 water conservancy projects, especially in the central and western regions that have been suffering from water shortage, by 2020, as part of efforts to increase the nation’s water supply capacity.
The goal was outlined in a statement released Wednesday after a State Council meeting chaired by Premier Li Keqiang.
Upon completion of the projects, the country will add 80 billion cubic meters (cu m) of water supply capacity and save 26 billion cu m for agricultural irrigation per year, according to the statement posted on the government website.
Private capital will be encouraged to participate in the construction and management of the irrigation projects.
In other initiatives, the government will speed up the establishment of a state investment fund to support the development of emerging industries and resolve financing bottlenecks for some small and medium-sized enterprises.
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