South-to-North Water Diversion Phase I Tops 90 Billion Cubic Metres as of August 2026
As of August 10, 2026, the first-phase eastern and central routes of China's South-to-North Water Diversion Project had transferred more than 90 billion cubic metres of water, including over 80.05 billion cubic metres via the central route and over 9.95 billion via the eastern route. The project supplies 195 million people across seven provinces, while the national water network now covers more than 80 percent of the country's land area.
Water networks, new-type power grids, computing networks, next-generation communications networks, urban underground pipeline networks and logistics networks make up the "six networks." These six networks are an important lever for expanding domestic demand and driving effective investment, and a key vehicle for shoring up weak links in urban and rural development and improving public wellbeing. The state has set out plans for building the six networks.
As of August 10, 2026, the first-phase eastern and central routes of the South-to-North Water Diversion Project had transferred more than 90 billion cubic metres of water. Of that total, the first-phase central route accounted for more than 80.05 billion cubic metres and the first-phase eastern route for more than 9.95 billion cubic metres.
The diverted water provides a stable, high-quality source for 195 million people in seven provinces along the routes. From building the South-to-North Water Diversion cross-basin water-transfer "arteries" to opening up the dense "capillaries" of water supply in villages, water resources of various kinds are being allocated in an increasingly optimized way. The national water network now covers more than 80 percent of the country's land area.
Why this event matters
The event has a measured impact on 6 industrys. The strongest current signal is positive for Municipal Utilities, with intensity 65/100 and 70% confidence over a medium term horizon.
Municipal Utilities
- Direction
- positive
- Intensity
- 65
- Confidence
- 70%
- Horizon
- Medium term
Power Transmission Networks
- Direction
- positive
- Intensity
- 60
- Confidence
- 68%
- Horizon
- Medium term
Hydropower
- Direction
- positive
- Intensity
- 55
- Confidence
- 65%
- Horizon
- Medium term
Cloud Services & Data Centres
- Direction
- positive
- Intensity
- 55
- Confidence
- 60%
- Horizon
- Medium term
Logistics & Express Delivery
- Direction
- positive
- Intensity
- 50
- Confidence
- 58%
- Horizon
- Medium term
Network Equipment
- Direction
- positive
- Intensity
- 50
- Confidence
- 58%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.