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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.
Tags: China Climate EM Emerging Markets Impact Sustainability