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Policies Favor West Development
Development of western region is still being stressed and will continue to be helped with greater input and favorable financial and monetary policies in China.
According to sources released from a seminar promoting use of foreign funds for west development called lately in Beijing, more infrastructure construction funds and large long-term T-bonds and subsidies will be allocated and increased bank loans will be issued to help projects in western region in China. To be specific, priorities will be given to such projects as infrastructure construction, development and exploitation of resources and feature economies to be backed with funds raised through various channels for the development of western region.
In addition, loans from international financial organizations and foreign governments on a favorable term will also be provided as much as possible for projecting undertakings in China's western region.
By PD Online Staff Huang Ying
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