Learn Chinese - China ups coalmine safety financing

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China ups coalmine safety financing

www.chinanews.cn 2005-03-25 13:17:35

Chinanews, March 24 - At the national video-conference on the safety
improvement of coalmines and gas management, Ma Kai, director of the
National Development and Reform Commission, said that China would prepare
a three billion yuan national debt fund for the safety renovation of coal
mines this year.
According to Ma, the government spent 2.2 billion yuan of national debts
to sustain the safety of large and medium-sized state-owned coalmines in
2004. Although the overall national debt fund declined 30 billion yuan in
2005, the government nevertheless cut expenditures in other fields and
raised its financial support for mine safety. 1.4 billion yuan of
appropriations will be used to subsidize those coalmines among the 45 key
safety supervision enterprises that are short on funds, and 1.6 billion
yuan in discount interest loans will support safety renovation projects.
Ma said that, starting in 2005, the country would strive to complete the
task of technical renovation of coalmine safety in two to three years
through multi-channel financing.

          ��Premier urges steady coal supply, work safety (2005-03-10)
          ��China earmarks 3b yuan to improve coal mine safety
(2005-03-05)
          ��China takes steps to halt coal mine disasters (2005-02-24)
          ��Top leaders concerned about coalmine accident (2005-02-16)

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