Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Friday, November 24, 2000, updated at 21:34(GMT+8)
Life  

State Bank to Backup Inner Mongolia's Natural Gas Popularization

The State Development Bank (SDB) November 24 granted a five-year interest-free loan of 1 million yuan (about US$120,000) to north China's Inner Mongolia Autonomous Region for its first natural gas piping project.

Ji Zhongshi, director of the SDB Hohhot Branch, said though the figure is not big, it is SDB's first loan of its kind nationwide.

It is the usual practice for the development banks, like the World Bank and the Asian Development Bank, to support a large project with short-term interest-free financial aid, thus ensuring the project's high quality in its' first phase.

Part of the natural gas piping project is to lay 497 kilometers of pipe to supply natural gas to Hohhot, Baotou and Dongsheng for industrial and daily use.

Li Wu, who is in charge of the project, said it is expected to improve the cities' energy structure and air quality by making use of natural gas in the region.







In This Section
 

The State Development Bank (SDB) November 24 granted a five-year interest-free loan of 1 million yuan (about US$120,000) to north China's Inner Mongolia Autonomous Region for its first natural gas piping project.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved