Quick Take: Policy Bank Earmarks $60 Billion to Fight Poverty

The China Development Bank (CDB), a major policy bank, plans to lend 400 billion yuan ($63.56 billion) this year to fund poverty alleviation efforts, according to the official Xinhua News Agency, ramping up its financing of the government’s anti-poverty campaign. The loans will be used for infrastructure projects, relocating poor people, developing local industries and … http://bit.ly/2q0rkRO

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