China Construction Bank, (CCB), the nation’s largest mortgage lender, plans to advance US$72.6 billion in loans as part of the government’s stimulus package announced in October, the South China Morning Post reported. The loan package is equivalent to 20% of the mainland’s GDP last year, and covers infrastructure, housing, transport, health care, education and environmental projects. CCB also agreed to provide credit toward infrastructure and business projects in Tianjin, and extend US$52 billion to the Ministry of Railways to finance track building in 2010. Agricultural Bank of China also announced plans to advance US$14.5 billion in loans to agricultural businesses next year.
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