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$1.37 trillion to fight water, air pollution in China

Staff writer |
The Chinese government is accelerating investment in environmental protection, with the total investment into the protection of water, air and soil soon totaling 9.4 trillion yuan ($1.37 trillion), the Securities Daily calculated.

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According to the Action Plan for Preventing and Controlling Water Pollution published in April this year, China's Ministry of Environmental Protection is focusing on combating water pollution.

An estimated 2 trillion yuan will go into enhanced monitoring of drinking water sources and the control of poisonous contaminants as suggested by a water pollution prevention and control action plan which is being formulated, according to Wang Tao, an official with the pollution prevention department under the Ministry of Environmental Protection.

A total of 26.45 billion yuan ($41 billion) will be invested in water pollution treatment in China's 18 provinces, Securities Daily reported.

The wastewater treatment sector rallied strongly on Chinese A-shares due to positive expectations. On Tuesday, Lvcheng Water and Jiangnan Water stocks reached the daily limits while the stocks of South Huiton, Chongqing Water, and Hanzhou Iron & Steel surged by 6%.

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