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China Culture Relics Protection Foundation established a special fund on Monday in a bid to better finance the protection of the Great Wall.
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The fund raised about 18.2 million yuan ($2.9 million) from donations on Monday. A committee was set up to manage the money.
The Great Wall, with a total length of 21,196 kilometers, is one of China's most iconic landmarks.
The aging world heritage site is confronted with pressing challenges including a lack of protection staff and most notably a shortage of renovation money in some undeveloped regions.
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