Gov't invests to clean up rural water
By Cao Desheng (China Daily)
Updated: 2006-09-12 08:47 Besides water pollution, China is also facing great pressure in water supply.
It uses 7 per cent of global fresh water resources to support 21 per cent of the
world's population.
With the rapid process of industrialization and urbanization, China will have
to mobilize all possible resources to realize the sustainable use of water, said
Vice-Minister of Construction Qiu Baoxing.
The determination to achieve sustainability will mean opportunities for
investors. "China's water market value will increase by at least 15 per cent by
2010," said Zhou Weifang, president of GE (China) Water & Process
Technologies.
According to estimates from the Ministry of Construction, at least 1 trillion
yuan (US$125 billion) is needed in the coming five years to recycle waste water,
update water supply facilities, improve protection of water environment and
other projects in related fields.
(China Daily 09/12/2006 page2)
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