As Chinese delegations go on multi-billion dollar shopping expeditions to Africa and Latin America, the World Bank has pledged to lend up to $1.5 billion in loans to China annually between 2006 and 2010. The aim is to help the country's smooth integration into the world economy and face other challenges, including reducing poverty.According to the strategy approved last week by the World Bank, the bank will help China integrate itself into the world economy, address poverty and inequality, manage resource scarcities and environmental challenges during 2006 and 2010, the statement said.
It will also help China strengthen the financial sector, and improve public and market institutions.
