Z.J China-Africa Economic&Cultural Exchange Center
  • HomePage|BookMark|Mobile|简体中文
  • MetInfo CMS | Foreign Host | Domain Registration

  • Home
  • About Us
  • Latest News
  • Economic&Trade Info
  • Activities
  • Culture
  • Contact Us
  • Laws and Regulations

Latest News

China-Africa Relationship
Africa News
International Dynamics

Contact

Address: Room 705, Building 1, No.1750  International Sunyard Creative Center, Jianghong Road, Binjiang District, Hangzhou City, Zhejiang Province, China
Tel: 0571-87165850
Fax: 0571-87165851
E-mail:  support@zcaec.org
Website: www.zcaec.com
 
 

Position:Home > Latest News > Africa News
Africa News

China announces funding for 69 needy cities

chinadaily.com.cn   Updated: 2013-07-04 

 

China is allocating 16.8 billion yuan ($2.74 billion) to redevelop the country's 69 cities whose natural resources have been exhausted, according to a statement on the Ministry of Finance website on July 3.

The financial support is 5 percent more than it was last year, according to the statement.

Of the 16.8 billion yuan, 31 percent is going to Northeast China's three provinces — Heilongjiang,Jilin and Liaoning — where many resource-drained cities are located.

Most of the affected cities enjoyed robust development beginning in the 1950s. But after years of exploration, the natural resources ran out, which led to declining economies, high unemployment and social decay.

The statement said the national fund will address these cities' debts and household subsidies, and support redevelopment programs.

Hits:  UpdateTime:2013-07-04 17:21:05  【Printing】  【Close】
Previous:Nigerian president to lead high-powered delegation to China for investment talks  Next:China remains Zimbabwe's top investor
Friendly Link|Message|Feedback

MSN:0000@000.com Email:sales@metinfo.cn

Powered by MetInfo 5.2.10 ©2008-2023  www.metinfo.cn