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China Development Bank Backs $62bn Loan Scheme For Mainland Chipmakers Amid US-China Trade Tensions
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Sputnik International
https://sputniknews.com/asia/202103041082255804-china-development-bank-backs-62bn-loan-scheme-for-mainland-chipmakers-amid-us-china-trade-tensions/
The move comes as Beijing aims to reduce dependence on key US technologies amid Washington s ongoing trade war with China, and ahead of a major policy meeting for the mainland s economic and development direction up to 2025, Chinese media reported on Thursday.
China Development Bank (CBD) has pledged financing for key emerging technologies in China via a 400bn yuan ($62bn) loan scheme, the South China Morning Post (SCMP) and others reported on Thursday.
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AFP 2021 / Greg Baker
The meeting will aim to outline the nation s development goals from 2021 to 2025, according to the report. ....

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