Background information: Japan's Japanese yen loan to China Japan's economic assistance to China began in 1979, including paid capital cooperation (Japanese yen loan), free capital cooperation and technical cooperation. Japanese yen loan is an important part of Japan's "government development assistance" to China. Japanese yen loans account for about 40% of the total foreign government loans accepted by China. From 1979 to 2000, China applied for four batches of Japanese yen loans, totaling 2.65 trillion yen. In addition, in 2000, Japan provided China with a special loan of 172 billion yen for the reconstruction of Beijing subway and Xi Xianyang airport. After 200 1 year, the Japanese yen loan to China is in the form of one year. In 200 1 year, * * * provided a government loan of161360 million yen. The Japanese yen loan has a large amount, long term, low interest rate and no additional conditions. It has played an active role in China's basic industries such as energy and resource development, economic infrastructure such as transportation and communication, agriculture, forestry, urban construction and environmental protection, and brought remarkable economic and social benefits to China. Japan's economic assistance to Asia, including China, actually reflects the Japanese government's policy intention of attaching importance to Asia and being willing to develop friendly cooperation with Asian countries. Japan's aid to China was also related to China's abandonment of war reparations when China and Japan resumed diplomatic relations. Although the yen loan is a low-interest preferential loan, it must be repaid with interest. In fact, since the 1990s, China's yen loan has entered the repayment period. According to statistics, China has so far repaid the accumulated principal and interest of about/kloc-0.5 trillion yen. Xinhuanet February 2004

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