The European Investment Bank announced plans this week to provide a €124 million ($160m) loan to the People's Republic of China to help with reconstruction efforts following the large earthquake that struck the Sichuan province in May last year.
China's vice-minister for finance, Li Yong, and the EIB's vice-president, Carlos Costa, signed the agreement on 14 April.
The funds will predominantly be used for the re-establishment of over 100,000 hectares of forest that were destroye...
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