China EximBank promises financial support to national economic zones

BEIJING - The Export-Import Bank of China (China EximBank) has agreed to offer at least 100 billion yuan ($15.65 billion) of financial support to the country's national economic and technology development zones.

The funds will be used to facilitate zones to build world-leading brand parks, according to a memorandum of understanding signed with the Ministry of Commerce.

The funds will prioritize support to industrial parks such as in the new-generation of information technology, advanced equipment and new materials.

Other areas include cloud computing, Internet of Things, mobile internet and big data, according to the memorandum

China has more than 200 national economic and technology development zones, and they have played an important role in driving economic growth.