China prepares $70 billion in new capital to boost investment, Bloomberg News reports
ReutersMay 30, 2025 11:12 AM
May 30 (Reuters) - China plans to allocate 500 billion yuan ($69.51 billion) of capital that could be used to fast track new infrastructure projects, Bloomberg News reported on Friday, citing people familiar with the matter.
China's three policy banks will raise funds and buy stakes in projects, the report said. It also said that the policy lenders may issue bonds or use other methods to tap financing.
($1 = 7.1936 Chinese yuan renminbi)
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