AIIB Approves Loans to China

December 11, 2017

China-led AIIB ( Asian Infrastructure Investment Bank), funded with funding from 21 countries including India, Russia, Germany and South Korea, announced on Monday that it has approved a USD250m loan to help Beijing change its coal fires to reduce air pollution effects during the winter season.

The money will go to a natural gas transmission pipe network project, which is expected to cover 510 villages around China's capital city, according to the bank.

 

 -  Staff Writer APMR News

Article published on : 2017  December 11,  6:45 pm GMT+800

Article last updated : 2017  December 11, 10:55 pm GMT +800

  • Wix Facebook page
  • Wix Twitter page
  • LinkedIn Social Icon
  • Wix Google+ page

Readers interested in this article also read

  • November Macro Economy Review

  • July Property Market Review

  • Singapore Q2 Commercial Property Market Review

  • June Macro Economy Review

Latest News

1/5

Copyright © APMR - Asia Property Market Review. All Rights Reserved.

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey LinkedIn Icon
  • Grey Google+ Icon