BIZCHINA / Biz Media Digest
Finance: WB to lend China up to US$4.5b
(Xinhua)
Updated: 2006-08-18 13:32
The Chinese government plans to keep borrowing 1 billion to 1.5 billion
U.S. dollars from the Word Bank each year from 2007 to 2009, although the
term of the loans is to be shortened.
Seventy percent of the funds will be used to finance projects related to
transportation, urban construction and environmental protection.
The remaining 30 percent would fund agriculture and energy conservation
training, said a report released by the National Development and Reform
Commission on Thursday.
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