China allocates 1 billion yuan to help flood storage areas

By :| Key words : china-floods-fund

French China | Updated on 09-08-2023

China has allocated 1 billion yuan (about 139.69 million U.S. dollars) to compensate for losses in recently flooded areas of the Haihe River basin for floodwater storage purposes, the ministry said on Wednesday. of Finance and the Ministry of Water Resources.

In recent days, the Haihe River basin has suffered flooding caused by rainstorms caused by Typhoon Doksuri, and eight national floodwater storage areas, located in Tianjin, Hebei and Henan, have been used.

According to the ministries, about 1.85 billion cubic meters of water has been stored, which has relieved the pressure of flood control in downstream areas.

The fund aims to compensate the loss of property of residents living in these areas, including damage to crops, livestock and poultry, commercial forests, housing and agricultural machinery, to help them to resume production and life as soon as possible, the ministries said.

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