| China
injects 260 billion yuan into develop-the-west projects
(11/12/2002)
The central government has injected some 260 billion yuan (31.3
billion US dollars) into developing China's vast western areas in
the last three years, according to data obtained Tuesday at the
media center of the ongoing 16th National Congress of the Communist
Party of China.
Of the total, about 200 billion yuan (24 billion dollars) were
allocated for infrastructure, 50 billion yuan (6 billion dollars)
for environmental protection, while over 10 billion (1.2 billion
dollars) went to social undertakings.
In addition, 160 billion yuan (19 billion dollars), or over one-
third of the long-term state treasury bonds was used for western
development. The central government also transferred 300 billion
yuan (36 billion dollars) of payment to the western areas. Moreover,
outstanding loans from financial institutions in the western region
increased by more than 600 billion yuan (72 billion dollars) in
the three years.
(xinhua)
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