CDB lends trillions of yuan to develop Yangtze River Economic Belt

Source:Xinhua Published: 2019/2/27 9:51:15

Photo taken on Aug. 26, 2018 shows the special stamp set "Yangtze River Economic Belt" in Zaozhuang, east China's Shandong Province. China Post released a set of special stamps on the theme of development achievements of Yangtze River Economic Belt on the same day. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Sun Zhongzhe)


 

Aerial photo taken on Aug. 13, 2018 shows the Yangluo port in Wuhan, capital of central China's Hubei Province. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Xiao Yijiu)


 

Aerial photo taken on Aug. 13, 2018 shows the Yangluo port in Wuhan, capital of central China's Hubei Province. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Xiao Yijiu)


 

Aerial photo taken on July 25, 2018 shows Phase IV of the Yangshan Deep Water Port of east China's Shanghai. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Ding Ting)


 

Aerial photo taken on Aug. 20, 2018 shows new cars to be transported at Guoyuan Port in Chongqing, southwest China. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Wang Quanchao)


 

Aerial photo taken on Aug. 13, 2018 shows ships sailing on the Yangtze River near Yangluo Port in Wuhan, capital of central China's Hubei Province. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Xiao Yijiu)


 

Aerial photo taken on Nov. 7, 2017 shows a riverside park in Yunyang County, Chongqing, southwest China. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Liu Chan)


 

Aerial photo taken on May 31, 2018 shows Yunhe lake tourist resort in Yunhe County, Lishui City, east China's Zhejiang Province. China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB. New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans. The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading. The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan. China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017. The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP. (Xinhua/Xu Yu)

China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt.

As of December 2018, outstanding loans to 11 provincial-level regions along the belt amounted to 3.85 trillion yuan (about 575 billion U.S. dollars), according to the CDB.

New yuan loans to these regions reached 304.5 billion yuan last year, accounting for 48 percent of the bank's total new yuan loans.

The funds mainly went to major projects in the fields of ecological protection and restoration, infrastructure connectivity, and industrial transformation and upgrading.

The CDB will continue to support ecological protection and green development of the Yangtze River in 2019, said CDB Chairman Zhao Huan.

China issued a development plan for the Yangtze River Economic Belt in September 2016 and a guideline for green development of the belt in 2017.

The Yangtze River Economic Belt consists of nine provinces and two municipalities that cover roughly one-fifth of China's land. It has a population of 600 million and generates more than 40 percent of the country's GDP.
 

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