China to spend $330 billion to fight water pollution

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 China plans to spend 2 trillion yuan, or $330 billion, on an action plan to tackle pollution of its scarce water resources, state media said.

China has a fifth of the world's population but just 7 percent of its water resources, and the situation is especially precarious in its parched north, where some regions have less water per capita than the Middle East.

The plan is still being finalized but the budget has been set, exceeding the 1.7 trillion yuan($277 billion) China plans to spend battling its more-publicized air pollution crisis, 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.

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