China’s Quake Reconstruction To Cost Nearly $150 Billion: Govt

From AFP:

Nearly 150 billion dollars are needed to rebuild areas in southwest China devastated by a massive earthquake in May, the government said on Thursday.

The 51 worst-hit counties and cities will need about one trillion yuan (145.7 billion dollars), said the National Development and Reform Commission, the top economic planning agency, in a statement on its website.

That was more than one fifth of the 4.9 trillion yuan of tax revenue that the government was able to collect nationwide last year.

A total of 4,432 primary and middle schools and 169 hospitals are to be rebuilt, according to a reconstruction plan posted on the NDRC’s website.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.