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SDB Offers Loans to Urumqi
The contract signing ceremony of the State Development Bank (SDB) Urumqi Branch and Urumqi Municipal Government was held in Urumqi in Western China's Xinjiang Province. SDB formally offered a loan worth of 255 million yuan to Urumqi for urban roadway construction and sewage disposal projects.
According to director of SDB Urumqi Branch Chen Jianying, the contract signing ceremony symbolized the concrete cooperation between SDB and Urumqi. It was another important move of SDB to bolster the economic development of Xinjiang since the start of west development.
SDB Urumqi has been founded for less than a year, and yet has offered nearly 20 billion yuan worth of loans to Xinjiang in supporting the construction of some key projects such as oil field, railway, airport, power plant and cotton base in the region, which gave strong backing to the economic development in Xinjiang. (Panorama)
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