BEIJING - China is to provide subsidies of up to 60 percent for some “green” investment projects in the Yangtze River Economic Belt, the latest measure to underpin growth while spearheading an anti-pollution drive.
The subsidies will be given to projects that address significant environment problems along the river, as well as transport projects that help to connect river ports to railways and roads, the National Development and Reform Commission said in a notice on its website on Wednesday. For example, subsidies for water treat projects of the Yangtze in central provinces will be capped at 45 percent of the project’s total investment value, while the upper limit will be 60 percent in poorer western provinces.
The investment projects submitted to the government to qualify for the subsidies should not cause “hidden debts” for local governments and strain local finance capacity, the NDRC said.