China supports shift of resource-exhausted cities
Updated: 2013-07-04 09:59
(Xinhua)
|
||||||||
BEIJING - Central government spending on transfer payments given to resource-exhausted cities will amount to 16.8 billion yuan ($2.72 billion) in 2013, the Ministry of Finance (MOF) said Wednesday.
The amount marks a year-on-year rise of 5 percent, said the ministry.
Heilongjiang, Liaoning, and Jilin provinces are the top three beneficiaries, with 2.04 billion yuan going to Heilongjiang, 1.64 billion yuan to Liaoning and 1.53 billion yuan to Jilin.
The arrangement depends mainly on the conditions of resource exhaustion, the local non-agricultural population, a province's fiscal power and a city's financial situation, said an official from the MOF's budget division.
The money will flow to local ecological management programs, municipal infrastructure construction and social security sectors, the anonymous official said.
The transfer payment was initiated in 2007 by the central government to advance city transformations nationwide. A total of 69 cities have been brought into its scope since then.
- July 4 in Prescott: Balance of grief, patriotism
- Jubilant crowds celebrate after Mursi overthrown
- Growth slowing for services
- Venezuela eyed as Snowden seeks asylum
- Anti-terror drill staged in Xinjiang
- Memorial service held for 19 Arizona firefighters
- Canada vigilant after terror plot
- Beckhams' star power shines
Most Viewed
Editor's Picks
Graduates face grim hunt for job |
Parents learn a lesson on homes |
Taking the reins of great change |
Lifting the veil of feng shui |
A growing thirst for water safety |
Justice, Tibet style |
Today's Top News
Obama, Merkel agree talks on surveillance program
Filipino executed for drug trafficking
Obama orders US to review aid to Egypt
Snowden still in Moscow
China urges more efficient uses of fiscal funds
Egypt army topples president Morsi
China to strengthen ties with Uganda
Frankfurt aims to be key yuan center
US Weekly
Geared to go |
The place to be |