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30.06.24 12:56

Economy

State Development Bank of China increases credit support for green projects

It plans to contribute to the realisation of sustainable development principles in key areas

The State Development Bank of China (SDBC) is expanding its support for green industries. This is reported by Xinhua News Agency, a partner of TV BRICS.

From January to May this year, the organisation issued loans to projects related to ecology and sustainable development worth more than 200 billion yuan (US$27,53 million). The growth rate of such loans exceeded that of all other types of loans, analysts said in assessing the bank's performance.

Meanwhile, the cumulative amount of carbon emission reduction funds issued exceeded 110 billion yuan (US$15,14 million).

The SBRC said it will continue to increase the supply of green products and services, and actively support initiatives to save energy, reduce carbon emissions, expand forests, and prevent natural disasters. In this way, the bank plans to contribute to the implementation of sustainable development principles in key sectors including energy, water resources, transport, urban and rural construction.

China intends to achieve carbon neutrality by 2060, the agency notes.

Photo: iStock

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Aleksander Alimov

Deputy Minister of Foreign Affairs of Russia

"We are convinced that the only way to make the information space more stable, secure and predictable is through international cooperation. No country is capable of countering cross-border ICT threats on its own. There is a need to develop common rules of the game applicable to all, which would regulate the actions of states and their companies in the digital sphere. [...] The first step in this direction has already been taken with the adoption by the UN General Assembly in December 2024 and the signing in October 2025 of the UN Convention against Cybercrime, developed at Russia’s initiative. This is the first universal treaty in the field of international information security. Seventy-five countries have signed the document. We call on all countries to sign and ratify this Convention"

Batyr Berdyklychev

World Health Organisation Representative in Russia

"International cooperation can help detect risks quicker, also exchange the results of research and coordinate the response measures. Without this coordination, the consequences of the global crisis could be heavier. [...] We are witnessing the world becoming more and more interconnected and interdependent. Every outbreak of infection in one region can be a potential threat globally. The experience shows us that the resilience of healthcare systems affects economic stability, the national security of states and public trust"

Xi Jinping

President of the People’s Republic of China

"As permanent members of the UN Security Council and important major countries in the world, China and Russia should take a strategic and long-term perspective, drive the development and revitalisation of our respective countries through comprehensive strategic coordination of even higher quality, and work to make the global governance system more just and reasonable"

Mikhail Mishustin

Chairman of the Government of the Russian Federation

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Dilma Rousseff

President of the New Development Bank

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