(i) China’s Flood Defense Ministry Diverted Funds into Real Estate and Stock Market, Auditor Reports
(ii) Yangtze Floodwaters Force Closure of Three Gorges Ship Lock
(iii) Three Gorges Bond Traded on Shanghai Market
(i) China’s Flood Defense Ministry Diverted Funds into Real Estate and Stock Market, Auditor Reports
(ii) Yangtze Floodwaters Force Closure of Three Gorges Ship Lock
(iii) Three Gorges Bond Traded on Shanghai Market
(July 6, 1999) As millions of Chinese brace themselves for this year’s flood season, state auditors have discovered that the Ministry of Water Resources, the agency responsible for the country’s flood defense system, has diverted millions of dollars into real estate and the stock market.
(June 14, 1999) Business Week Asia Editor Sheri Prasso interviewed Dai on a brief visit to New York in early May.
(June 14, 1999) Dai Qing, 57, the adopted daughter of a famous revolutionary, could have capitalized on her connections to gain power and prestige. Instead, she maintained strong convictions, particularly her opposition to China’s massive Three Gorges Dam project. Now, with China’s leadership acknowledging problems with the dam, the environmental concerns she has long voiced are finally being recognized.
(May 28, 1999) Focus on Yunyang County, Chongqing City
(May 26, 1999) In New York on May 4, Environment News Service reporter Wang Ai interviewed Dai Qing on the current situation with the construction of Three Gorges Dam and on her own story of becoming environmentally conscious.
Beijing has yet to decide whether to build controversial dams on the Nu River, and large-scale changes are expected to be made to the hydroelectric project in Yunnan province, according to SEPA deputy director Zhu Guangyao.
Stretching a mile across a spectacular site on China’s Yangtze River, the Three Gorges Dam is the most ambitious hydroelectric project ever attempted. Estimated to cost more than $70 billion when completed, it will provideelectricity to China’s peasants, stop the disastrous flooding of the river and offer billions of dollars in foreign investment.
‘While China’s government is still easily able to order large-scale engineering projects that might be politically impossible in democratic nations, concerns over dams’ environmental and social impact has been growing in recent years.’
(April 7, 1999) 10,000 villagers petition central government for help
(April 6, 1999) New premier Zhu Rongji seems poised to topple the giant Three Gorges dam, a Canadian-backed megaproject, write Dai Qing and Patricia Adams.
Beijing – Thousands of Chinese dams have been described as "time bombs" by Chinese officials. They said more than one-third of the country’s estimated 85,000 dams are defective and need urgent repairs.
China’s top industry planning body has given the go-ahead for a megadam on the Jinsha (upper Yangtze) River that will be the country’s third-largest hydropower station after Three Gorges and Xiluodu.