ADB funds help China's clean energy industry develop

Sinochem Xinhuaxun started its "12th Five-Year Plan". China has made full use of the funds of the Asian Development Bank, focusing on areas such as clean energy and environmental protection, and deepening the concept of sustainable development into various areas of China's economic and social development. Up to now, ADB has implemented more than 30 projects for energy saving, emission reduction and energy efficiency improvement in China. The accumulated loan amount exceeds US$3.3 billion. According to Kimura Shou, an investment expert of the ADB Private Sector Operations Bureau, the lack of reasonable financing has hindered the development of clean energy projects in China. ADB’s private sector lending rates are lower than general commercial loans and are long-term loans.

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