English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> World
UPDATED: 14:08, March 18, 2005
Japanese loans to China to end by 2008
font size    

Japanese Foreign Minister Nobutaka Machimura said at the Foreign Relations Committee of the Liberal Democratic Party that Japanese loans to China during the 2004 fiscal year would be reduced by 11 percent and by the fiscal year 2008 Japan would stop providing new yen loans to China.

Nobutaka Machimura said as the Chinese economy develops and with its fundraising capability growing considerably the need of large-scale fund cooperation between the Japanese and Chinese governments has diminished. Japan plans to stop new yen loans to China by the fiscal year 2008.

In addition, Japan has made preliminary decision to reduce yen loans to China in the fiscal year 2004 by 11 percent, to 85.9 billion yen. This is the fourth consecutive year in which Japan reduces the loans.

By People's Daily Online

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- Japan plans to cut yen loans to China by 10 percent

- China calls for "properly solving" issues related to Japan's loans to China

- Japan plans to end granting loans to China in three years

Copyright by People's Daily Online, all rights reserved