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China to Allocate $57 billion to Environment Protection

May 29, 2020

BY Alexander Kalis
MANAGING PARTNER

By Reuters

China’s finance ministry has announced that it will allocate a total of 407.3 billion yuan ($57.22 billion) to ecology and environment protection in 2020, up from 390.6 billion yuan last year. From this total, 25 billion yuan will be allocated to air pollution prevention and control, 31.7 billion yuan to water and 4 billion yuan to soil protection.

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