It cited Water Resources Minister Chen Lei as telling a government meeting that some of the investment would come from a 10 percent levy on income earned from the leasing of land. The newspaper did not elaborate. Other funds would go towards renovating water supply infrastructure for main agriculture regions and ensuring safe drin
“Over the next 10 years, Chen said he hopes the country can double its current average annual investment in water conservation construction,” it said. The government has invested about 700 billion yuan on water conservation over the past five years, the newspaper said.
Chen Xiwen, director of the central government’s rural work leading group who advises top leaders on rural policy, said the government would specifically target water conservation next year because of worry about grain production, it said.
While grain production will rise to 546.4 million tonnes this year, up by 15.6 million tonnes on last year, there are worries about next year’s harvest because of natural disasters, which could push up food prices, Chen Xiwen added.
The government is paying close attention to the cost of food after prices rose nearly 12 percent in the year to November, leading overall consumer inflation to a 28-month high of 5.1 percent. “We have to accelerate the construction of water conservation facilities as one of the key infrastructures the country needs to secure increasing grain production. We must address issues arising from the country’s rapid urbanisation, which has consumed land that used to be used for farming,” he said.
Chen Xiwen said this month water shortages and the encroachment of urban development on rural land posed challenges for China to extend increases in grain output after seven years of growth. For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
Business
- PepsiCo strategic planning 2012
- Best Low Interest Credit Cards 2012
- Why British Airways buy BMI from Lufthansa
- gkn news june 2 2011
- benefits nota Fiscal Eletrônica for companies
- irs file extension - How to File For An Extension
- irs tax extension 2011
- joe battipaglia death, Popular Wall Street Strategist
- study for port neighbours, Environmental, social costs of cruise ship industry outweigh benefits
- can you claim maintenance fees your taxes
- tips to consider before starting up a new business
- Factors to Consider when Starting new business
- What factors you will have to take into account to start the new business
- Ocean Science A Frontal Challenge for Climate Models
- Recent US Treasury Announcement States that Net Present Value Test, Such as United Resources Solutions', Will Ensure a Loan Modification
- angel broking brokerage charges 2011
- product lifecycle management hardware jobs
- St Eugene Commences 2011 Exploration Program at Tartan Lake Mine Project
- best indicator of the coming serious inflation
- inflationary risks european 2011
- UK to be best in Europe for business - Budget 2011
- Business Matrix for Monday 14 March 2011
- Slower growth predicted for 2011- British Chambers of Commerce
- world's richest people 2011 Canada's rich list Forbes magazine released
- China's consumer inflation in 2011 will reach 5 percent
No comments:
Post a Comment