Deutsche Bank eyes $3b B&R bonanza
By Wu Yiyao in Shanghai | China Daily | Updated: 2017-06-01 06:52
German lender to team up with CDB in nations taking part in initiative
Deutsche Bank AG, Germany's largest lender, said on Wednesday that it plans to finance $3 billion worth of projects in partnership with the China Development Bank in the countries and regions taking part in the Belt and Road Initiative.
The CDB and Deutsche Bank agreed to work together over the next five years to support the projects. The move will make Deutsche Bank one of the first global lenders to participate in the initiative.
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