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China stresses flood control, advancing water conservancy projects
  ·  2020-07-10  ·   Source: Xinhua News Agency

China will make all-out efforts in flood control and disaster relief work while advancing the construction of major water conservancy projects, according to an executive meeting of the State Council on July 8.

The meeting, presided over by Premier Li Keqiang, stressed that people's lives are the top priority, and decided to increase material and funding support to help local authorities relocate disaster-hit residents. The meeting also decided to repair damaged projects, and restore production to the parts of the country most severely affected by floods.

Since the beginning of this year, accumulated precipitation in China has been higher and more intensive than the same period in normal years, causing severe damage to parts of the country, according to the meeting.

The meeting urged readying needed flood-prevention materials, strengthening patrolling of reservoirs and dikes, as well as rolling out personnel evacuation plans.

It also studied the arrangements for 150 major water conservancy projects, calling for advancing construction and enhancing the capabilities of preventing floods, droughts, and other disasters.

Efforts should be made to deepen reforms on investment and financing mechanisms, expand equity and bond financing, and quicken the construction of water conservancy projects by leveraging market-oriented reforms.

To secure hundreds of millions of market entities, supportive fiscal, financial, and social insurance policies which have already been unveiled, should be well implemented. Efforts should also be made to establish a market-oriented, law-based, and internationalized business environment.

The meeting underlined strengthening services for market entities, providing more convenience for employment and entrepreneurship, and optimizing the environment for foreign investment and foreign trade.

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