On April 14, 1898, the Chinese government signed the Guangzhou Railway Loan Contract with the United States. On April 14, 1898, the Qing government in Washington signed the Guangzhou Railway Loan Contract with the U.S. Joint Venture Company on April 14, 1898. On July 13, 1900, the Guangzhou Railway Loan Rescue Contract was signed. On April 14, 1898, the main contents of the two contracts were: the total loan amount of US$40 million, the annual interest rate of 5 cents, 9 repayments, the repayment period of 50 years, with the railway property as a guarantee; the project was undertaken by the United States Railway Company, after which it became one of the five annual net share interests; the loan interest was not repaid before, by the U.S. Gener