Chinese policy bank increases support for transport system construction

This aerial photo taken on May 25, 2023 shows the Luzhou grand bridge under construction in Zhanjiang City, south China's Guangdong Province. (Xinhua/Liu Dawei)

BEIJING, June 12 (Xinhua) -- China Development Bank, one of the country's policy banks, has stepped up financial support for the construction of a modern transportation system.

From January to May 2023, a total of 268.7 billion yuan (about 37.78 billion U.S. dollars) in loans had been extended by the bank to build railways, roads, airports and other transport facilities.

The bank also increased financial support for the construction of charging piles and related power grid networks, among others.

The bank said it will continue to support the development of a modern transportation system, provide higher quality financial services, and fulfill its social responsibilities.