MIIT and CDB Launch Strategic Partnership to Offer USD44 Billion Financing for \\"Made in China 2025\\"
Yicai Global
/SOURCE : Yicai
MIIT and CDB Launch Strategic Partnership to Offer USD44 Billion Financing for \\"Made in China 2025\\"

(Yicai Global) Nov. 9 -- China Development Bank and the Ministry of Industry and Information Technology have signed a strategic cooperation agreement to provide funding totaling CNY 300 billion for the implementation of "Made in China 2025", a 10-year action plan designed "to transform China from a manufacturing giant into a world manufacturing power."

CDB will also handle the relevant general financial services such as loans, investments, bonds, leasing and securities. "Made in China 2025" is the first 10-year action plan introduced by the Chinese government as part of its national manufacturing strategy.

According to the program, by 2025, China will foster a group of multinationals and industry clusters with strong global competitiveness, and China's position will be significantly improved in logistics and value chains.

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