EIB grants China USD439m in loans over 2015
Date
12/25/2015 5:18:43 AM
(MENAFN) With faster loan processing time, compared with recent years, China received more in loans in 2015 from the European investment Bank (EIB), according to the latest reports.
Nearly USD439 million in loans were invested in 10 major projects in China throughout 2015, mainly focusing on forest development, energy conservation and environmental protection.
Furthermore, the European Union's public financing institution was set up back in 1958 and is responsible for long-term investment loans to more than 130 countries and regions.
As of 2014, China has the world's second-largest economy in terms of nominal GDP, totaling approximately USD10.38 trillion according to the International Monetary Fund (IMF).
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