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China's growth surpassed expectations, says ADB country head


chinadaily.com.cn |
Updated: 2021-01-21 09:26
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China s annual GDP in 2020 saw an increase of 2.3 percent over the same period last year. Yolanda Fernandez Lommen, Asian Development Bank country director for China, praised the strong resilience of the Chinese economy, saying that the positive growth of the Chinese economy in 2020 has exceeded expectations.
She also estimates that China s GDP will achieve much higher growth in 2021, reaching about 7.5-8 percent. ....

Yolanda Fernandez Lommen , Asian Development Bank , Fernandez Lommen , ஆசிய வளர்ச்சி வங்கி ,

ADB lends €166mn to China to improve conditions along Inner Mongolia border


ADB lends €166mn to China to improve conditions along Inner Mongolia border
ADB approved the $420 million multitranche financing facility (MFF) to improve economic opportunities and living conditions among communities along the border between the IMAR in the PRC and Mongolia on 21 October 2020.ADB | Manila | Updated: 11-12-2020 10:57 IST | Created: 11-12-2020 10:57 IST
Representative Image Image Credit: ANI
The Asian Development Bank (ADB) and the Government of the People s Republic of China (PRC) have signed a loan agreement and project agreements for the Inner Mongolia Sustainable Cross-Border Development Investment Program Project 1 totaling €166.53 million (about $200 million).
Signing for ADB today was People s Republic of China Resident Mission Country Director Yolanda Fernandez Lommen while PRC Deputy Director-General of Finance Han Bin and designated officials from the Inner Mongolia Autonomous Region (IMAR), including Chairman of IMAR government Bu ....

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