ADB to back domestic projects
The Asian Development Bank is planning to invest in 31 projects in China from 2018 to 2020 for a total value of $6.17 billion, with about $2 billion planned for 2018, according to its newly proposed sovereign lending program.
The Asian Development Bank has outlined a lending program that allocates $6.17 billion to 31 domestic projects in China between 2018 and 2020. A significant portion, approximately $2 billion, is earmarked for the year 2018. This proposed sovereign lending program details the bank's investment strategy for the upcoming years.
This indicates the ADB's continued financial commitment to supporting development initiatives within China.
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