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      Archive: 8/28/2012

      News Brief

        8/28/2012, Elul 10, 5772

      China to Loan Egypt $200 Million

      China will loan Egypt $200 million, the two countries agreed Tuesday during a meeting in Beijing. Representatives from the two countries also signed deals in agriculture, the environment and telecommunications.

      Egypt’s Al-Ahram newspaper reported that the Egyptian government is hoping to boost Chinese investment from $500 million to $3 billion.