--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies

Online marketplace of Manufacturers & Wholesalers

World Bank Helping China's Urbanization

The World Bank will provide loans for China's future infrastructure construction to support its urbanization, said its Vice President Katherine Sierra in southwest China's Chongqing Municipality on Wednesday.

 

Speaking at the ongoing 2005 Asia Pacific Cities Summit, Sierra said China has already done a good job and set other developing countries an example in city infrastructure construction.

 

She said China's urbanization features high economic growth and poverty alleviation.

 

Currently, about 80 percent of the country's economic growth is in its cities and townships and it is heading toward being an increasingly urbanized society.

 

She said the World Bank will assist China in ensuring power supply, communications, traffic and environmental management, as well as in improving investment environments, technological innovation and research.

 

Sierra added that the bank's focus will shift to cities in western areas like Chongqing and the provinces of Sichuan and Yunnan and Guangxi Zhuang Autonomous Region.

 

She said the World Bank has already approved two loans worth US$380 million in total to improve the sewage disposal capacity and the water supply system in Chongqing.

 

(Xinhua News Agency October 13, 2005)

City Hosts Discussions on Asia Pacific Growth
Asia Pacific Cities Summit Opens
World Bank President to Visit China
World Bank Issues 2006 World Development Report
WB to Aid Highway Construction in North China
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688