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Chinese banks pump investment to boost cultural, tourism industries

Xinhua | Updated: 2021-01-13 10:53

An opera performance on a street of Huzhou, Zhejiang province, draws visitors on Jan 2. [Photo by Wu Cheng/For China Daily]

BEIJING -- Chinese banks will be financing 320 national cultural and tourism projects to promote high-quality development of the relevant industries.

The projects were jointly selected by the Ministry of Culture and Tourism and six banks, including the China Development Bank and the Export-Import Bank of China.

The projects are expected to receive a total investment of around 620 billion yuan ($95.7 billion) and around 233 billion yuan worth of funds, according to the ministry.

Some of the projects have already been implemented and gained credit support, the ministry said.

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