General World News

China policy bank to lend $144.4 bln for shanty town rebuilding in 2016

BEIJING, Feb 2 (Reuters) – China Development Bank (CDB) plans to lend 950 billion yuan ($144.4 billion) to fund the rebuilding of shanty towns in 2016, up from 750.9 billion yuan last year, the official Financial News reported on Tuesday, citing the bank’s chairman.

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Source : Reuters