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extended two yen credits to China, totalling 870 billion yen. A
third yen credit has been in effect since 1990, and this will
bring the total commitment to about 800 billion yen, or approxi-
mately 6 billion U.S. dollars over six years, ending in 1995.
Official Development Assistance O.D.A. extended by the Japa-
represents almost one third of the
nese Government to China,
total O.D.A. received by China from foreign governments
international financial
and
financial organisations. To China, Japan is the
largest donor, parallel with the World Bank, whilst to Japan,
China constitutes one of the largest O.D.A. receiving nations.
The third yen credit is expected to assist China's Eighth Five
Year Plan and its current Ten Year Plan. The Plan stresses the
need for economic development in coastal regions, as well as the
need for the improvement of civil life in inland areas. Examples
of Sino-Japanese economic cooperation which involve projects in
places in Hong Kong's neighbouring area include: Yantian Harbour
in Shenzhen, improvements in telephone networks in Guandong
Province, and improvements in the railway network in Fujian
Province; all of these projects being currently under construc-
tion through the utilization of Official Development Assistance
from Japan.
The South China Economic Area constitutes a substantial part
of China's overall development plan, and I believe the growth of
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