Economy and Business
Fujian commercial bank funds rail network
(China Daily Fujian Bureau)
Updated: 2009-11-30 16:35
Industrial Bank Co Ltd, a commercial bank headquartered in Fujian province, granted a line of credit of 100 billion yuan to China's Ministry of Railways to fund railway network construction.
The agreement was signed in Beijing on Nov 25. The country launched a four-trillion-yuan stimulus package to spur domestic consumption and economic growth last year, while a lot of capital was allocated to massive infrastructure construction like railways, airports and express ways.
