US$105b support
By Ding Yining |
May 24, 2012, Thursday
|
Print Edition
Print Edition
SHANGHAI has secured 660 billion yuan (US$105 billion) of financing support over the next three years from 12 banks.
The funds will go to strategic industries such as high-end equipment manufacturing, bio-pharmaceutical, information technology and new energy.
The 10 major industries may make up over 50 percent of the city's overall gross domestic product value by the end of 2015.
The support will secure Shanghai's capital needs for major industry projects and help the city's economic restructuring.
The funds will go to strategic industries such as high-end equipment manufacturing, bio-pharmaceutical, information technology and new energy.
The 10 major industries may make up over 50 percent of the city's overall gross domestic product value by the end of 2015.
The support will secure Shanghai's capital needs for major industry projects and help the city's economic restructuring.
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