皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

皇冠体育app designates 32 more cities as resource-scarce

By Wang Xu and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-05 15:41

皇冠体育app's Cabinet has designated 32 more cities as resource-scarce, adding up the number of cities with this status to a total of 44, the country's top economic planning body announced today.

Related readings:  皇冠体育app resource industry sees opportunity amid global crisis  ICBC, Standard Bank to issue resource fund  Local gov'ts to share more from mineral resources compensation

The central government will grant financial support to those cities through fiscal transfers, the National Development and Reform Commission (NDRC) said on its website today.

The NDRC, however, does not disclose the amount of the intended fiscal transfers.

It says it won't designate more such cities in the near future.

The status of resource-scarcity is being attached to cities whose economy used to be dependent on the extraction of raw materials, such as coal and metal, and thus now is facing serious economic difficulties when the supply of those raw materials ran low in recent years.

Huaibei, a coal-mining city in East 皇冠体育app's Anhui province and Qitaihe, also a coal-rich city in Northeast 皇冠体育app's Helongjiang province are among the 32 newly designated resource-exhausted cities.