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Microcap & Penny Stocks : Largo Vista -Crown Jewel of China 1998 and Beyond! LGOV -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (219)	4/20/2000 8:54:00 PM
From: jmhollen	Read Replies (1) \| Respond to of 295

"....From the jus' so's ya know Department....": NDB loans RMB6b to Yunnan Apr 20 2000 3:42PM Homeway The National Development Bank (NDB) recently signed an agreement with southwest China's Yunnan provincial government to provide RMB29.8 billion loan supporting the province's infrastructure construction and high-tech industry. The loan will support the construction of 15 key projects including highways, railroads, power stations and telecommunications facilites. Yunnan, with the country's largest poverty-striken population, has planned to help 7.8 million people get rid of poverty within seven years since 1994. There were 2.35 million still in poverty by the end of last year. The province plans to help 1 million people out of poverty this year. The local government has decided to beef up construction of infrastructure facilities and basic industry to help these people become rich. NDB pledged a total of RMB38 billion supportive loan for the Yunnan government. Some RMB23.7 bilion has already been realized till the end of last year. The banks plans to loan another RMB6 billion to the province this year.