Development Bank loans boost

PUBLISHED : Tuesday, 31 March, 1998, 12:00am
UPDATED : Tuesday, 31 March, 1998, 12:00am

The State Development Bank of China will lend 8.5 billion yuan above its planned loans for the first quarter of this year. The People's Daily reported the bank would step up lending to help spur economic growth to the official target of 8 per cent. The bank had originally planned to lend 12.2 billion yuan in the first three months of the year.