Today, 83 years ago, on March 31, 1942 (February 15, 1942) China and the United States signed a $500 million loan agreement. On March 31, 1942, representatives of the two governments signed a $500 million loan agreement in Washington, D.C., with three main articles: The United States agreed to provide $500 million in loans to China to strengthen its ability to counter Chinese aggression, and the repayment period could be extended until the end of World War II. The funds were used to strengthen China's monetary, monetary and banking systems; promote the production and distribution of industrial necessities; stop inflation; prevent food and other raw materials from accumulating; improve transport and transportation; promote the improvement of the lives of the Chinese people; adapt to military needs outside the lease law.