@ywtohChinese National Development Bank loans to the Yangtze...

@ywtoh

Chinese National Development Bank loans to the Yangtze River Economic Belt (11 provinces and municipalities) total 4 trillion yuan ($580 billion USD) for their ecological protection and development strategy.
That is only funding to date, more is being made available.

As your ex Singaporean Foreign Minister George Yeo was saying in the video you posted, when China's per capita GDP reaches half that of the US, their total economy will be larger than the US. When their per capita GDP reaches 2/3 of the US, their total economy will be larger than that of the US, Europe and Japan combined. Shows why there is so much funding behind rectification and restoration of the environment, plus investment into future development of their most important economic zones, as it will only lead to future growth and an increase in world power.

CDB 4 trillion yuan loan to support the development of the Yangtze River Economic Belt

2019-05-08 17:05:47Source:Xinhuanet

　　"It is a rare time for me to play in such a beautiful lake. It is a rare parent-child time for me who is busy with work on weekdays." Ms. Wang, who just finished her life with an 8-year-old son to return to the Qianwan Lake Wetland International Marathon, excitedly Say.Not far away, the staff is cleaning up the duckweed on the lake, and there are large groups of flying birds hovering over the waters of a bay.The place where the event was held - Qianwan Lake in Qianjiang City, Hubei Province is an important wetland in the Yangtze River Basin.Previously, the mud here was deep, the water quality deteriorated, and the ecological environment was imminent, but the lack of funds became a major obstacle to the ecological restoration of the Bay Lake.In July 2017, with the support of the National Development Bank of 1.68 billion yuan, the Huiwan Lake Ecological Restoration Project was officially launched, effectively restoring the wetland ecological function and the integrity of the ecosystem, and reviving the vitality and greenness of the Back Bay Lake.

　　The Huiwan Lake Ecological Restoration Project is a microcosm of CDB's developmental financial advantages, actively supporting the ecological protection and restoration of the Yangtze River Economic Belt, and promoting the development of the Yangtze River Economic Belt.Promoting the development of the Yangtze River Economic Belt is a major decision of the Party Central Committee and a major strategy that affects the overall development of the country. It is of great significance to realizing the "two hundred years" struggle goal and realizing the Chinese dream of the great rejuvenation of the Chinese nation.As a development financial institution that reflects the will of the party and the state, CDB has always adhered to the "three articles" of ecological restoration, environmental protection and green development with goals, plans and steps, and made a good implementation of the Yangtze River Economic Belt development strategy. Make a contribution.As of March 2019, CDB's balance of RMB and foreign currency loans in 11 provinces and municipalities in the Yangtze River Economic Belt was about 4 trillion yuan, focusing on major projects in the areas of ecological protection and restoration of the Yangtze River, infrastructure interconnection, industrial transformation and upgrading, and conversion of old and new kinetic energy.

　　Among them, ecological protection and restoration is the primary task of CDB to support the development of the Yangtze River Economic Belt.The bank focuses on “three waters governance”, namely “water pollution control, water ecological restoration, water resources protection”, and actively supports ecological environmental protection projects in Hubei, Guizhou, Jiangxi and Yunnan provinces.After the completion of these projects, the river can be rehabilitated with 1320.53 km, the lake surface is controlled at 111,000 mu, and the fish returning to the lake is 29,600 mu. The newly added sewage treatment capacity is 3.663 million tons/day, and 9186 rural sewage treatment stations and rural sewage pipe network 5.19 are built. Ten thousand kilometers, covering 20 million rural people, building a water conservancy hub with a total storage capacity of 1.78 billion cubic meters, a total reservoir capacity of 2.519 billion cubic meters, and afforestation of 859,500 mu, achieving good ecological, economic and social benefits.

　　The relevant person from CDB said that in the next step, the bank will continue to fulfill the special mission of development finance in key areas, weak links and key periods, firmly follow the new path of ecological priority and green development, and earnestly do a good job in the protection and green development of the Yangtze River. Work, go all out to improve the quality and effectiveness of the development of financial services in the Yangtze River Economic Belt, and strive to create a new situation in the development of the Yangtze River Economic Belt.