Huang Hua signed an agreement with Foreign Minister Ito Masayoshi for a long-term loan from the Japanese Overseas Economic Cooperation Fund (OECF) on favorable terms. From 1979 to 2007 the OECF granted more funds to China than to any other country, a total of 2.54 trillion yen (based on the 2007 exchange rate, this amounted to roughly US$25 billion).
