China is seeking foreign loans to help...
China is seeking foreign loans to help finance the production of more color television sets to meet growing domestic demand.
They said the state-owned Bank of China was sounding out foreign banks for loans totaling $270 million to expand production of color television sets.
Official figures show China made 19.38 million television sets in 1987, up from 14.47 million in 1986, and about a third of them were color sets.
The official New China News Agency said 80% of urban families and 19% of rural families have television sets.
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