IN BRIEF (Page 14)
China Daily | Updated: 2009-04-01 08:07
Shanghai loan agreement
Shanghai's Pudong New District government signed a syndicated loan agreement worth 108 billion yuan with 15 banks and enterprises in the district yesterday, following central government approval to develop the city as a major international financial and shipping center by 2020.
The agreement will mainly focus on helping firms in Pudong weather financial hardship, and the majority of the capital will be put into infrastructure construction.
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