'China is promising to invest 4 trillion yuan ($650 billion) - equal to its entire stimulus package during the global financial crisis - on rural water projects alone during the 2011-2020 period. What's more, at least $200 billion in additional funds has been earmarked for a variety of cleanup projects nationwide, Reuters has learned after scouring a range of central and local government documents.'
'That new cash injection will be vital, with rivers and lakes throughout China blighted by algae blooms caused by fertilizer run-off, bubbling chemical spills and untreated sewage discharges. Judging by Beijing's cleanup record so far, however, the final tally could be many times higher.'
PHK Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
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