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VOL.3 May 2011
The Revival
Three years after the Wenchuan Earthquake, a new Chinese disaster relief model is producing results in affected regions
by Liu Wei

 

"Not only in Wenchuan, but most projects concerning people's livelihoods in affected regions finished roughly two years after the earthquake," said Qin Bin, Director of the Emergency Coordination and Security Division of the Economic Construction Department, the Ministry of Finance. "This is of great credit to the strong financial and technical support received."

Soon after the disaster, the government rapidly allocated reconstruction funds of 300 billion yuan ($45.9 billion) and established a paired assistance program requiring that 19 provinces or municipalities, including Beijing, Shandong and Guangdong, provide at least 1 percent of their annual fiscal revenue to the 24 counties severely hit by the Wenchuan Earthquake for three years. By March 2011, the total aid from the donor provinces or municipalities exceeded 72 billion yuan ($11 billion).

Financial support also comes from different levels of government, social donations, assistance from Hong Kong and Macao, and bank loans. By the beginning of this year, the total investment in completed projects surpassed 700 billion yuan ($107 billion).

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