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                                        China Development Bank Backs Greater Bay Area With $50 Billion Lending Pledge

                                        2020年05月26日 20:03 来源于 财新网
                                        Policy lender says credit will be focused on strategic emerging industries, infrastructure
                                        The GBA accounts for 5% of China’s population, but generated more than 11% of its gross domestic product, or 10.87 trillion yuan, in 2018, greater than that of South Korea.

                                        China Development Bank (CDB), the country’s top policy lender, has pledged financing of 360 billion yuan ($50.4 billion) this year to support the development of the Greater Bay Area (GBA), a cluster of cities in southern China that the government wants to transform into a financial, technology and innovation powerhouse.

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