On this day, 107 years ago, on June 18, 1918 (May 10, 1918, the Chinese calendar), China signed the Jihui Railway Advance Contract. Cao Rulin On June 18, 1918, Cao Rulin, Chief of Transportation and Chief of Finance, signed a joint loan for the Jihui Railway with Takahiko Shagawa, representative of the Industrial Bank of Japan. The loan amount this time is 10 million yuan, with an annual interest rate of 7.5%. There are 14 contracts in total, stipulating that: Japan will issue the same amount of 5% gold coin government bonds of the Republic of China on behalf of China; the term of this bond will be 40 years, counting from the date of issuance of the bond, and the principal repayment will begin in the eleventh year, using an annual amortization method; All property belonging to the railway and its income now and in the future will be used as guarantee. The Jihui Railway runs from Jilin via Yanji and crosses the Tumen River to Huining, North Korea, where it connects with the North Korean Railway.