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Japan Reduces Aid to China

Japan's low-interest yen loans to China are likely to have been cut by 20 percent from a year ago to 96.7 billion yen or more than US$870 million. The sum is the lowest in 14 years.  

The sum would demote China to the third largest yen loan recipient, after India and Indonesia.

 

Aid amounts determined in a given budget year are in fact delivered in subsequent years.

 

Japan decided to start cutting back Official Development Assistance to China three years ago.

 

(CRI.com March 12, 2004)

Japanese Government Loans to Help China's Underdeveloped Regions
China, Japan Sign Documents on Japanese Aid to China
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