Core Insights - China's water conservancy investment reached over 1 trillion RMB in 2022, marking a historical milestone and is expected to reach 1.3529 trillion RMB in 2024, with total investment during the 14th Five-Year Plan projected to exceed 5.4 trillion RMB, 1.6 times that of the 13th Five-Year Plan [1][2] Group 1: Water Infrastructure Development - Since the beginning of the 14th Five-Year Plan, 172 major water conservancy projects have commenced, optimizing the layout, structure, function, and system integration of water infrastructure [1] - By the end of 2024, China will have built 95,000 reservoirs, 200 large and medium-sized water diversion projects, 6,924 large and medium-sized irrigation areas, and 318,000 kilometers of embankments, forming the world's largest and most comprehensive water conservancy infrastructure system [1] Group 2: Disaster Prevention and Ecological Improvement - Water and drought disaster prevention has improved, with reservoir flood control capacity at 185.6 billion cubic meters, protecting 660 million people through embankments, and a national flood retention area of 109 billion cubic meters [2] - The proportion of flood disaster losses to GDP has decreased from 0.28% during the 13th Five-Year Plan to 0.18% during the 14th Five-Year Plan [2] - The ecological flow compliance rate for key rivers and lakes reached 98.6%, with 140,000 issues of "disorderly occupation, mining, dumping, and construction" addressed, leading to significant changes in river and lake environments [2]