China provides $42 billion in loans for infrastructure spending

BEIJING (Reuters) – China has distributed an additional 19 100 million yuan ($ billion) allocated to infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday. The increased funding is part of policymakers’ support for spurring growth in the world’s second-largest economy by issuing bonds to finance major public works projects. Chinese Cabinet August provides another A package of stimulus measures to revive the country’s faltering economy, including raising quotas for policy financing instruments 25 100 million yuan. The Export-Import Bank of China provides its 100 million yuan, a total of 17 major projects, the paper said. As of September , provided by the Agricultural Development Bank of China One billion yuan loan