China EXIM bank's B&R loans up 37 pct

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Added On August 6, 2018

The Export-Import Bank of China says its outstanding loans for the Belt and Road Initiative has risen 37 percent from a year ago by the end of June this year. 
 
According to the bank, special loans, totaling 130 billion yuan (about 19 billion U.S. dollars), for projects discussed in the Belt and Road Forum for International Cooperation last year, have all been clinched in agreements.
 
The policy bank said it had also increased financial support for manufacturing improvements, energy conservation and green finance.
 
From 2014 to 2017, the bank issued loans of more than 930 billion yuan.  By the end of March this year, outstanding loans lent by the bank to countries along the Belt and Road was more than 810 billion yuan, up 29.7 percent year on year.