Conservancy projects to draw more investment

Droughts and floods highlight serious problems

BEIJING - China will continue to increase its investment in water conservancy infrastructure and accelerate the building of projects to counter drought and flood, a senior water resources official said on Wednesday.

By the end of September, China had invested nearly 260 billion yuan ($41 billion) in 2011 in building water conservancy infrastructure, with the central government's investment reaching 114 billion yuan, Jiao Yong, deputy minister of water resources, told a news conference.