China has earmarked 20 billion yuan (USD 3 billion) of a massive economic stimulus packet for shoring up risky reservoirs, improving irrigation networks and supplying clean drinking water in rural areas, state media said. Beijing said earlier this month it planned to spend an extra 4 trillion yuan to try and boost domestic demand and help protect China’s economy ride out the global financial crisis. Government funds for water projects are to be assigned within 10 days and the money spent by March, the official Xinhua agency said in a report, underlining Beijing’s desire to set cash flowing through the economy as soon as possible. (Reuters)

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