BEIJING - Chase Manhattan Bank signed a $100 million loan agreement with the Industrial and Commercial Bank of China to upgrade China's textile industry.

The loan will be used by textile enterprises in 17 Chinese provinces to import advanced textile technology and equipment to renovate existing plant, the Xinhua news agency reported.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.