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.
China's State Council pledged $1.4tn in May last year to decouple from US emerging technologies and develop domestic artificial intelligence, green tech, energy infrastructure, 5G, transport and numerous other projects.
Thursday, March 4, 2021
Sputnik — China Development Bank Backs $62bn Loan Scheme For Mainland Chipmakers Amid US-China Trade Tensions
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