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China Daily | Updated: 2008-06-11 07:24

IFC investment

The International Finance Corporation, a member of the World Bank Group, yesterday said it has invested a total of $50 million in Guangdong-based Nature, one of China's largest flooring manufacturers, to help the company develop sustainable wood sourcing. The portfolio includes a $20 million equity investment and a $30 million long-term loan, which the group will use to develop plantation forests in Jiangxi province.

Shenyang gateway

IN BRIEF (Page 14)

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