International Finance Corporation to back Internet technology in China

The private sector arm of the World Bank announces a shift in investment focus.

IFC associate director in Beijing Karen Finkelston has announced plans to increase the agency's exposure to the mainland ITC sector. Speaking at briefing to unveil an Information and Communications Technology ICT report sector in early March, Finkelston said ICT is playing an important role in the economic transformation of the Chinese economy and in promoting sustainable development.

IFC policy is to promote the private sector, which has traditionally suffered from a lacks of access to bank...

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