Since 1979, Japanese aid to China in March1year was nearly 290 billion RMB, accounting for 66.9% of its aid to China, making it the largest aid country in China. China borrowed more than 200 billion RMB from Japan, which translated into about 3 trillion yen, and the actual domestic use was about 1.9 trillion yen.

Some are free loans, but most are interest-bearing loans. At that time, the Japanese interest rate had reached 1% or even lower, while the interest charged by China was 3%. After the disintegration of the Soviet Union in the 1990s, Japan followed the United States, became more and more interested in China's ODA, and set more stringent conditions. Should not be used for military, free loans should not be used for profit-making projects. Most of them are used for Japanese teaching, environmental management, study abroad loans and so on.

Extended data:

Sino-Japanese diplomatic relations:

At the invitation of Prime Minister Zhou Enlai of the State Council, Japanese Prime Minister tanaka kakuei visited People's Republic of China (PRC) from September 25th, 65438 to September 30th, 65438.

Prime Minister tanaka kakuei was accompanied by Foreign Minister Masayoshi Ohira, Chief Cabinet Secretary of Nikaido Susumu and other government officials. President Mao Zedong met with Prime Minister tanaka kakuei on September 27th. The two sides had a serious and friendly conversation.

Premier Zhou Enlai, Foreign Minister Ji Pengfei, Prime Minister tanaka kakuei and Foreign Minister Masayoshi Ohira have been exchanging views on various issues between the two countries and other issues of common concern in a friendly atmosphere, focusing on the normalization of diplomatic relations between China and Japan, and agreed to issue a joint statement by the two governments.

People's Daily Online-Japan's loan to China needs a good ending.