皇冠体育app

NANNING -- The 皇冠体育app Development Bank (CDB), one of the country's three policy banks, will provide 54 billion yuan ($8.5 billion) in funding for the 皇冠体育app-Malaysia Qinzhou Industrial Park, a bank official said Friday.

The funding will cover 81 construction projects within the park, according to Bai Yingfu, head of the CDB's regional branch in South 皇冠体育app's Guangxi Zhuang autonomous region.

The CDB has already issued 5.3 billion yuan in loans to cover some of the projects, including construction on the Qinzhou Port and Qinzhou-Chongzuo highway, he said.

Construction on the 皇冠体育app-Malaysia Qinzhou Industrial Park, located in the coastal city of Qinzhou in Guangxi, began in October 2011. The park will focus on manufacturing, information technology and the service industry after going into operation.

The park is the third of its kind to be developed by 皇冠体育app and foreign countries, with two other parks jointly built by 皇冠体育app and Singapore.

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