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Policy Banks to Boost Infrastructure Credit Lines

CHINA
  • Wires report that China's Policy Banks are to add CNY 800bln to their infrastructure credit lines.
  • The 'Policy Banks' mentioned here are the two banks created by the State Council in 1994 - namely China Development Bank and the Export-Import Bank of China. - Looks as if this policy measure is part of the broader plan to support the economy emerging from lockdowns, with CNY800bln ($120bln) added to the institution's credit lines

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