CHINESE banks will be financing 320 national cultural and tourism projects to promote high-quality development of the relevant industries. The projects were jointly selected by the Ministry of Culture and Tourism and six banks, including the China Development Bank and the Export-Import Bank of China. The projects are expected to receive a total investment of around 620 billion yuan (US$95.7 billion) and around 233 billion yuan worth of funds, according to the ministry. Some of the projects have already been implemented and gained credit support, the ministry said. (Xinhua) |