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Home >> Business
UPDATED: 22:56, June 09, 2004
World Bank offers loans of US$128m to China
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The Board of Executive Directors of the World Bank agreed Tuesday to provide China with loans worth 128 million US dollars and grant-in-aid of 10 million US dollars, according to World Bank's office in China.

The funds will be used in an urban environmental protection program in the Pearl River Delta in south China's Guangdong Province, including establishment of polluted water processing factories and other environmental protection facilities.

In the past ten years, the booming economy brought serious pollution to the region, and the seriously-polluted water quality around major cities in Guangdong greatly affected local agriculture and people's lives.

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