Via China Environmental News [link]:
The World Bank unveiled an ambitious plan of lending to China that highlights environmental destruction and social inequality as “critical” challenges for the booming nation.
The plan envisages annual assistance of 1.5 billion dollars for the next five years, making China the global lender’s biggest aid recipient along with India.The money would be devoted largely to the inland provinces that have lagged the breakneck growth enjoyed by coastal cities, in accordance with Beijing’s own plan to spread the boom more widely.
“The new ‘Country Partnership Strategy’ recognises clearly that helping China to strengthen its economy, manage its resources and environment, and improve governance, are important not only for the Chinese people but also for people all over the world,” World Bank president Paul Wolfowitz said.
