This Day, That Year

Item from May 3, 1989, in China Daily: China yesterday signed an agreement with the Asian Development Bank for a $39.7 million loan to improve the transportation of coal.

The funds will be used to construct a 44-kilometer railway line in Lyuliang, Shanxi province, according to the bank.

Since China joined the Asian Development Bank in 1986, the country has received $36.3 billion in loans from the organization for more than 1,100 projects involving infrastructure, environment, agriculture and education, according to a report released by the bank last month.