World Bank Gives Loan to China

The World Bank announced today that they will be giving China a $710 million loan for relief and rebuilding efforts in the two regions hit hardest by the devastating earthquake last year. The money will be used for health, education and infrastructure in the area and help get these places as close to normal as possible. China's government has already invested $10 billion in rebuilding so this money will be a nice bonus to maybe upgrade some services to make these communities even more productive in the future. With 5 million people homeless after the earthquakes hit, every bit of money will make a difference in this situation. It is nice to see the World Bank stepping in and using it's power to help even the biggest of countries that some may think wouldn't need it.