The Asian Development Bank (ADB) has granted a total
of US$17.76 billion in loans to China over the past two decades,
making the country the second largest borrower from the
Philippines-based lender after Indonesia.
About 41 percent of the total loan amount was granted
for transport projects and 23 percent for water supply, sewage
treatment and other urban development projects, said Toru
Shibuichi, country director of ADB China Resident
About 25 percent of the money was invested in rural
projects and natural protection projects, such as water and soil
conservancy, he said.
Another 10 percent of the loan was used for energy
projects, including the development of coal bed gas and hydropower,
The ADB has also offered US$280 million of technical
assistance to China in recent years, he said.
The ADB was founded on Dec. 19, 1966 and China became
a full member of the organization in March 1986.
In 2005, China contributed US$30 million to ADB's
Asian Development Fund and another US$20 million for the
establishing of the "China Special Fund for Poverty Reduction and
Regional Cooperation" within the ADB.
(Xinhua News Agency January 13, 2007)