The Japan Bank for International Co-operation has signed loan agreements worth more than US$1bn with China. The priority areas for the loans are environmental conservation, education and poverty reduction.
Six of the 13 projects in total cover environmental improvement. In Henan and Anhui provinces, projects will help to reduce air pollution by converting coal to natural gas. In the cities of Nanning, Guangxi Zhuang autonomous region, and Yichang, Hubei province, rivers will be cleaned up and water supply and sewerage systems developed. Tree planting projects will take place in Gansu and Inner Mongolia.
Six projects to promote university education will be carried out in various inland provinces, some involving the training of teachers at Japanese universities. The final project will help to develop water supply, improve sanitation and provide education in the northwestern part of Hunan province.
The Japan Bank for International Cooperation was established in 1999 and is the main institution responsible for Japan's official financing overseas.