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Japan's low-interest yen loans to China are likely to have been cut by 20 percent from a year ago to 96.7 billion yen or more than US$870 million. The sum is the lowest in 14 years.
The sum would demote China to the third largest yen loan recipient, after India and Indonesia.
Aid amounts determined in a given budget year are in fact delivered in subsequent years.
Japan decided to start cutting back Official Development Assistance to China three years ago.
(CRI.com March 12, 2004)
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