Beijing-Tianjin-Hebei region is connected by geography and water veins with strong complementary advantages. The coordinated development of Beijing, Tianjin and Hebei is a major national strategy put forward by the Chinese government in the new historical period. However, Beijing, Tianjin and Hebei are faced with common problems such as water shortage, serious water pollution, over-exploitation of groundwater and fragile water ecology. The synergy governance of water resources is the basis and key issue behind the coordinated development of the tree areas. This paper analyzes the water problem in Beijing-Tianjin-Hebei region and the status of water resources accounting and discusses the basic ideas of inspecting water resources management and innovating water accounting system. In this paper, a fine, standardized, water accounting system is established, which is permitted for inter-sustainable use of water resources. On this basis, this paper proposes to keep in line with Australian water accounting standards and to establish General Purpose Water Accounting for disclosure of water accounting reports, based on accrual basis, so as to build a new mechanism of coordinated governance of Beijing-Tianjin-Hebei water resources. Finally, in order to demonstrate the optimization mechanism of Beijing-Tianjin-Hebei water resources coordinated management, this paper applies General Purpose Water Accounting to Beijing Waterworks Group Co., Ltd.
Keywords: water accounting, Australian water accounting standards, water resource management, general purpose water accounting
China Finance and Economic Review
Volume 8 Number 4 Winter 2019.P112