China Directs US$119 Billion Financing Towards Strategic Development Projects

China confirmed on 29 October that its three policy banks had completed the full RMB 800 billion (approximately US$119 billion) allocation for 2026. The financing supports projects involving AI, the digital economy, transport, energy, urban renewal and underground pipeline upgrades, with China Development Bank-linked projects representing total investment of approximately RMB 5.5 trillion. The programme creates demand for public-policy research, project evaluation, procurement advisory, infrastructure planning and public-private investment services.

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