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China to Fight Air Pollution With $1.65 Billion Fund

(Bloomberg) China will set up a 10 billion yuan ($1.65 billion) fund to reduce air pollution in the country’s largest cities, according to a release from a State Council meeting at which Premier Li Keqiang presided.
The fund will aid in efforts to cut fossil-fuel use and control consumption of coal, the country’s largest source of energy, according to a statement posted on the Chinese central government’s website yesterday. It didn’t give details.
Environmental concerns are the biggest source of unrest in China, Chen Jiping, a former leading member of the Communist Party’s Committee of Political and Legislative Affairs, said last year. The nation is home to 16 of the 20 most-polluted cities on the planet, according to World Bank estimates.
The Cabinet also announced subsidies, tax changes, energy-efficiency standards and pollution controls aimed at improving environmental quality.
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