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$3.4 billion for ecological projects: China

— Photo: Xinhua

Environment-friendly: A building in Laoshan District of Qingdao, a city of Shandong Province, which uses wind and solar power . Its energy consumption is just one third of an ordinary building.

BEIJING: China has allocated 23 billion yuan ($3.37 billion) for energy saving, anti-pollution, ecological and environmental protection projects since the fourth quarter of last year, a senior official has told Xinhua. Secretary-General of the National Development and Reform Commission Han Yongwen said investment in these sectors accounted for 10 per cent of the 230-billion-yuan government spending to date on infrastructure, ecological and environmental sectors, quake relief and other areas.

China unveiled a 4-trillion-yuan stimulus package in November last to cope with the effects of the global financial crisis. “This ratio of 10 per cent was not low. It shows that the central government not only focuses on stimulating domestic demand and keeping stable economic growth, but also stresses laying a good foundation for the economy’s sustainable development in the long run.”

Of the 23 billion yuan spending, 13 billion went to improving urban water treatment facilities, 4 billion yuan to pollution prevention projects on the Huaihe and other big rivers, 3.5 billion yuan to forest projects and the other 2.5 billion yuan to key energy saving projects . — Xinhua

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