China development bank issues 2,85 trillion yuan of loans in 2020

DailyTimes  |  Jul 28, 2021

China Development Bank issued loans totaling 2.85 trillion yuan (about 440.46 billion U.S. dollars) last year to facilitate epidemic control and economic growth. The policy bank extended 31.5 billion yuan for emergency use of epidemic prevention and control, as well as 468.1 billion yuan of funds to projects related to infrastructure, the manufacturing sector, and people’s livelihood, the bank said in its annual report.

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