Funding plan to preserve cultural relics approved

Guangzhou authorities approved a plan on Tuesday to use a special fund of 60 million yuan ($9.6 million) this year to preserve the city's cultural relics.

The first installment, about 40.8 million yuan, will be used to subsidize and support five areas: urgent repair of State-owned non-movable cultural relics; maintenance and renovation of non-State-owned non-movable cultural relics; employment of supervisors to protect cultural relics; scientific research on the protection of cultural relics; and archeological study before selling State-owned land.

The proprietor of non-State-owned non-removable cultural relics can be subsidized up to 2 million yuan, covering up to 70 percent of the renovation budget.