China announces $330bn water clean-up effort in latest environmental crackdown

Posted by BusinessGreen: James Murray on February 18th, 2014
BusinessGreen: The Chinese government has opened a new front in its increasingly wide-ranging efforts to tackle the country's worsening levels of environmental pollution, revealing plans to invest up to ¥2tr ($330bn) in projects designed to tackle water pollution. The China State Securities Journal reported this week that the Ministry of Environmental Protection (MEP) is still working on the finer details of the strategy, but the ¥2tr budget has been set. The budget exceeds the ¥1.7tr that was recently announced......

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