China Development Bank to support economic zones with at up to RMB100 billion in 3 years

Recently, the Ministry of Commerce and the China Development Bank signed a memorandum of cooperation on promoting innovation and high-quality development in national economic and technological development zones.

Recently, the Ministry of Commerce and the China Development Bank signed a memorandum of cooperation on promoting innovation and high-quality development in national economic and technological development zones.

The two parties aim to support national economic and technological development zones to optimize industrial layout, expand urban functions, and improve the quality of the ecological environment, thereby enhancing the quality and efficiency of development.

According to the memorandum, China Development Bank will provide a total of not less than 100 billion yuan in funds in the next three years to support national economic development zones to optimize the investment environment, strengthen urban service functions, and raise the level of new urbanization.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/01/china-development-bank-to-support-economic-zones-with-at-up-to-rmb100-billion-in-3-years/.

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