China to invest $348 billion to curb air pollution: State media
BEIJING (REUTERS) - China plans to invest 1.7 trillion yuan (S$348 billion) to combat air pollution over the next five years, state media said on Thursday, underscoring the new government's concerns about addressing a key source of social discontent.
The money is to be spent primarily in regions that have heavy air pollution and high levels of PM 2.5, the state-run China Daily newspaper quoted Wang Jinnan, vice-president of the Chinese Academy for Environmental Planning as saying. Mr Wang helped draft the plan.
Tiny floating particles, measuring 2.5 micrometres or less in diameter, are especially hazardous because they can settle in the lungs and cause respiratory problems and other illnesses.
The new plan specifically targets northern China, particularly Beijing, Tianjin and Hebei province, where air pollution is especially serious, the newspaper said.