Over RMB$100 Billion of New Loans to Back up Infrastructure Construction ĦĦĦĦThe Industrial and Commercial Bank of China disclosed today that it is going to issue over RMB$100 billion yuan of loans in support of technological transformation of enterprises this year. In 1998, RMB$106.7 billion yuan of loans for an increase of RMB$35.9 billion yuan or 50% growth over 1997 were issued, including RMB$51.6 billion yuan for an increase of RMB$20.9 billion yuan or a growth of 68% over the previous year that had been issued. Loans going to be issued by the bank, as is reported, will concentrate on construction of undertakings of transportation and communications, highways and expressways, telecom projects, transformation of electricity grid, energy supply, and medical and cultural facilities. Economicnews 1999-02-12 Page2 Full Story in Chinese