USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China Exim Bank to loan Fujian 350b yuan

Xinhua | Updated: 2017-05-24 16:26

BEIJING - The Export-Import Bank of China (China Exim Bank) said Wednesday it had reached a strategic cooperation agreement with Southeast China's Fujian province, pledging to loan it at least 350 billion yuan ($51 billion) during 2017-2021.

The loan will support Fujian on projects covering infrastructure, Fujian-Taiwan economic and trade cooperation, as well as local enterprise expansion overseas.

The money will also support the province in the Belt and Road Initiative, international capacity, equipment manufacturing, tourism, and foreign trade and investment.

Founded in 1994, China Exim Bank is one of the country's three policy banks and works with foreign trade, offshore project contracting and outbound investment.

The bank tends to give priority to projects related to the Belt and Road Initiative, international cooperation on industrial capacity, and equipment manufacturing.

Its lending to foreign trade improvement reached 50 billion yuan in 2016.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US