The World Bank¡¯s private sector arm said Friday it has invested US$10 million to expand a Chinese water and wastewater treatment plant.

The International Finance Corp. (IFC) said it will also assist Epure, a Singaporean holding company that owns 75 percent of China¡¯s Beijing Sound, in its proposed initial public offering on Singapore¡¯s stock exchange.

China is one of the world¡¯s 13 lowest-ranked countries in per capita water resources, the United Nations says, and these resources are expected to drop as the population grows.

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