SMM Steel Market Morning Brief: China's Water Conservancy Investment Hits Record High of 1.35 Trillion Yuan

Publicado: Jan 2, 2025 07:40

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[SMM Steel Market Morning Brief: China's Annual Water Conservancy Investment Reaches Record High] On December 31, the Ministry of Water Resources released relevant data showing that China implemented 47,000 water conservancy projects in 2024, with a total investment of 1.35 trillion yuan, setting a new record for annual water conservancy investment. Throughout the year, more than 20,000 rural water supply projects were completed, improving water supply security for over 100 million rural residents. Over 1,300 irrigation district construction and modernization projects were carried out, accelerating the consolidation of rural water conservancy infrastructure for comprehensive revitalization. Efforts were made to expedite the implementation of water-saving policies and the restoration of river and lake ecosystems. Water allocation was completed for 94 inter-provincial and 375 inter-city rivers, achieving near-complete coverage of key river and lake ecological flow protection targets. Nationwide, groundwater overextraction decreased by 31.9% compared to 10 years ago, and new soil erosion control areas covered 64,000 square kilometers.

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