China’s Policy Banks Back Projects Representing US$1.4 Trillion in Total Investment

China completed RMB 800 billion (approximately US$119 billion) in policy-based project financing by 28 October, supporting projects with a combined investment value of more than RMB 11.6 trillion (approximately US$1.7 trillion) across the three policy banks. China Development Bank-linked projects represent RMB 5.5 trillion in total investment, while Agricultural Development Bank projects account for around RMB 4.39 trillion. The pipeline creates opportunities for engineering contractors, power-system suppliers, transport developers, pipeline specialists and infrastructure project-management firms.

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