Statistics
CDB lending to central SOEs up 48% in 2009
(Xinhua)
Updated: 2010-03-03 09:11
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China Development Bank (CDB), one of China's three policy banks, lent 261.3 billion yuan ($38 billion) to country's centrally-administered state-owned enterprises (SOEs) in 2009, up 47.8 percent year-on-year, CDB said in a statement Tuesday.
The loans mainly went to support pillar industries, such as electric power, railways and telecommunications, of the central SOEs, according to the statement issued to Xinhua.
New energies and a low carbon economy were also fields in which CDB rendered its support, with total outstanding loans reaching 5 billion yuan, the statement said.
Last year, the CDB lent a total of $25.7 billion to central SOEs for their overseas assets acquisitions.
