* The annual interest rate of yen loans to China in 2004 was 0.75- 1.5%), and the repayment period was long (30-40 years). Including 10 year grace period)
Background:
During the normalization of diplomatic relations between China and Japan, China exempted the official war compensation for Japan's war of aggression against China, which won the appreciation of Japanese political and economic circles. At the same time, the development of Chinese mainland needs Japanese capital and technology. Therefore, the Chinese and Japanese governments reached a tacit understanding and made up for China's economic loss of giving up war compensation to some extent in the form of Japanese government development assistance.
1979 During Japanese Prime Minister Masayoshi Ohira's visit to China, he decided to provide China with government development assistance "aimed at maintaining and developing stable and friendly relations with China".
Development assistance to China is divided into three parts:
Japanese yen loans to China account for 80%
Technical cooperation accounts for 10%
Free aid accounts for 10%
The initial loan was a multi-year package agreement, and a one-year agreement was implemented from 200 1, and the loan amount decreased from 227.3 billion yen in 2000 to 96.6 billion yen in 2005.
1In the middle and late 1990s, due to the economic depression, the Japanese government's development assistance loans were partially reduced, and technical cooperation changed little.
Cooperation content:
From the initial infrastructure to environmental protection, medical care, personnel training and other fields.
Amount of assistance:
Free financial assistance: about 654.38+045.7 billion yen (up to 2004, the cumulative agreed amount was about 6.5 billion yuan).
Technical cooperation: about 654.38+050.5 billion yen (by the end of 2004, JICA's total expenditure was about 8.3 billion yuan).
Paid financial assistance: about 3 1, 336,543.8+billion yen (up to 2004, the cumulative agreed amount was about 1, 656,543.8+billion yuan); The net expenditure is about 222.34 billion yen; The repayment amount (including principal and interest) is about/kloc-0 1.0486 billion yen (all accumulated to the end of 2004).
Please refer to the following website for details: