China, Germany Ink Financial Cooperation Projects

China and Germany signed Sunday contracts for financial cooperation projects in Hangzhou with a total value of 180 million German marks.

The projects include importing equipment for railway construction worth 160 German marks and aid to blizzard-stricken areas in the Inner Mongolia Autonomous Region.

Zhang Youcai, vice-minister of Finance and German ambassador to China Joachim Broudre-Groeger attended the signing ceremony.

(Xinhua News Agency 09/23/2001)