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The Ministry of Water Resources has unveiled the "Opinions" document, which focuses on exploring and standardizing the trading of water rights across provinces within the Yellow River Basin. The ministry aims to establish a robust water rights trading system within the next 2 to 3 years, with the goal of achieving optimal allocation and conservation of water resources. The "Opinions" outlines specific measures across five key areas: initial water rights allocation, inter-provincial trading, trading platform development, enhancement of monitoring systems, and market supervision. Additionally, it mandates relevant departments to strengthen collaboration and public awareness efforts to collectively drive forward the construction of this system.
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