The China Development Bank says that it will provide more loans to finance the country's efforts to protect the environment.
The CDB, one of the three Chinese policy banks in China, provided loans of RMB118.4 billion for environmental protection between 2001 and 2005, represented 14.1% of China's total investment in environmental protection in the period.
By the end of 2006, the CDB had given loans worth RMB201.8 billion to environmental protection projects across the country, including east China's Taihu Lake, the country's third largest freshwater lake; Suzhou River, Shanghai's mother river; and the tourist city of Guilin. The bank also made an emergency loan worth RMB150 million to help the Chinese government handle the Songhua River pollution emergency in 2005, which disrupted water supplies to millions of people in northeast China.
In the future, the bank will continue to provide more funding, but local media or the bank have not reported on the amount of these investments.
