Amadeusz Juskowiak

China to borrow 390 mln dlrs

China will receive loans totalling 390 mln dlrs from Japan and the World Bank for investment in new highways and port facilities

The Japan Overseas Economic Cooperation Fund is to provide 260 mln dlrs towards Chinas plans to improve its road network the official New China News Agency reported

A 130 mln dlr World Bank loan will be used to build 12 new berths incorporating container handling systems at the northeast China port of Tianjin the agency said

It gave no details of the repayment terms of the loans