(ECNS) -- The China Development Bank (CDB) disbursed more than 480 billion yuan (about $72 billion) in loans to the manufacturing sector from January through October this year, supporting upgrades in traditional industries, the development of emerging industries and investment in future industries, the bank said Sunday.
The bank has used a range of financial products to fund manufacturers' activities, including technology research and development, capacity expansion and day-to-day operations.
A CDB official said the bank will continue to expand financing for manufacturing, focusing on key areas, addressing gaps and supporting major national strategies and projects.
The bank will also improve financial services for intelligent, green and integrated manufacturing and help build a modern industrial system with advanced manufacturing as its backbone.
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