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USA Public Listed Company. New China Ventures Ltd. (NCVL)
A Strategic Investment in Mainland China Water Industry
B16L, Cheng Ming Building
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About 700m Chinese – more than half of its population and 11% of the world’s – have access to drinking water which is below the minimum quality set by the World Health Organisation; More than 70% of China’s lakes and five of its longest river systems are so polluted as to be unfit for human contact, let alone consumption, according to State Environmental Protection Bureau; The Yangtze – China’s longest river which flows past 165 cities – now absorbs 25b tonnes of waste water a year, more than 40% of the nation’s total, according to Xinhua News Agency; China has a daily sewage creation rate of close to 3.7b tonnes, which would require 10,000 waste water treatment plants costing about US$48b to reach just a 50% treatment rate
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That suggests continuing water shortage will tear down a key tenet of the country’s commitment to maintaining 95% self-sufficiency in grain. China wants to raise its annual grain output capacity to about 500m tonnes by 2010, a key target for building a new socialist countryside. It is a challenge to maintain this target as the population continues to surge, farmland continues to shrink and water supply remains inadequate, especially as droughts occur more often these days and last longer. (On 24 August, China Daily reported that the worst drought in 50 years in Sichuan resulted in a loss of 5m tonnes of grain.)