BEIJING (Reuters) – China’s state planner on Monday said it had issued 500 million yuan ($69 million) from the central budget to support the recovery of five provinces following a typhoon and torrential rains.
The investment will “support the emergency recovery of Hunan, Henan, Sichuan and Shaanxi (provinces) after heavy rainfall and flooding and the typhoon disaster in Fujian (province),” the National Development and Reform Commission said in a statement, with a focus on restoring damaged flood control infrastructure, schools, hospitals, and other public service facilities.
($1 = 7.2558 Chinese yuan renminbi)
(Reporting by Joe Cash; Editing by Sonali Paul)
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