“China’s access to substantial sums of money from the World Bank also reduces the need to borrow on commercial terms.What does “borrow on commercial terms” imply here? And why does China prefer loans from the World Bank?
(课文内容)
“Commercial" carries the meaning of having profit-making as the aim. “To borrow on commercial terms” is to borrow at the regular business interest rates(without any special favor received from the bank). China borrows from the World Bank Group for lower interest rates and other favorable conditions.
