Floodwater diverted from Beijing has caused major damage in the Hai River basin, but no official damage cost or detail has yet been released as China’s government said it has allocated $124 million for immediate post-disaster relief and reconstruction.
Construction unions hailed the new rule, but some contractor groups have strongly criticized it, with the Associated Builders and Contractors already planning a legal challenge.
Billions in aid from American Rescue Plan Act have had a major impact on the pension plans, which are used by tens of thousands of construction workers.