ADB to back domestic projects
By Jiang Xueqing | China Daily | Updated: 2017-12-12 07:39
The Manila-based bank will invest about $2 billion in nation next year
The Asian Development Bank is planning to invest in 31 projects in China from 2018 to 2020 for a total value of $6.17 billion, with about $2 billion planned for 2018, according to its newly proposed sovereign lending program.
"ADB aims to increase its sovereign lending to China in line with the expansion of the bank's total lending capacity. The 2017 sovereign lending will reach $1.98 billion," said Indu Bhushan, director general of ADB's East Asia Department.
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