Israel to loan China $300m in water saving
Updated: 2012-03-01 10:17
(Xinhua)
|
|||||||||||
BEIJING -- Israel is to loan China $300 million for high-tech water-saving agricultural projects, according to an agreement signed Wednesday by both countries' finance ministers.
The loan will support the water saving programs in five provinces and autonomous regions in western China including Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang.
Yuval Shteinitz, Israeli Finance Minister, said the agreement is expected to introduce Israeli advanced water saving technologies to boost the agricultural development in western China.
Since the first bilateral agreement on financial cooperations signed in 1995, Israel has promised China concessional loans totaling $1.3 billion and about 240 loan programs have come into force in China, mainly in the sectors of public health, education, water treatment and communication.
Related Stories
Israel won't warn US before Iran strike 2012-02-29 08:03
How to boost agro-technology 2012-02-03 08:06
Allure of expired agro patents proves to be pesky problem 2012-02-15 07:56
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |