Home » Business » In 2022, the China Development Bank has granted more than $36 billion in loans for scientific and technological innovation – 2024-03-06 05:54:13

In 2022, the China Development Bank has granted more than $36 billion in loans for scientific and technological innovation – 2024-03-06 05:54:13

/ world today news/ The China Development Bank has provided a total of 261.9 billion yuan ($38.68 billion) in loans to support scientific and technological innovation in the country in 2022, the financial institution announced.

Over 90 percent of loans are medium and long-term. They have financed projects mainly in sectors such as the development and production of integrated circuits, biological breeding, aerospace science and technology and intelligent robots.

#China #Development #Bank #granted #billion #loans #scientific #technological #innovation

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.