It has a fifth of the world’s population but just 7 percent of its water resources. A plan under review will exceed the 1.7 trillion yuan ($277 billion) China plans to spend air pollution, the China Securities Journal reported, citing the Ministry of Environmental Protection.
It will aim to improve the quality of China’s water by 30 to 50 percent, the paper said, through investments in technologies such as waste water treatment, recycling and membrane technology.
The paper did not say how the money would be raised, when the plan would take effect, or in what time frame.
According to government data, a 2012 survey of 5,000 groundwater check points found 57.3 percent of samples to be heavily polluted.
China emits around 24 million tons of COD, or chemical oxygen demand, a measure of organic matter in waste water, and 2.45 million tons of ammonia nitrogen, into its water each year.