ICBC provides $41B tourism financing to boost China's tourism sector amidst sluggish consumer spending.
China's largest bank, ICBC, will provide $41B in tourism financing to stimulate investment and spending in the nation's tourism sector amidst sluggish consumer spending. The bank signed a cooperation pact with China's culture and tourism ministry to work on key tourism-related construction projects. Tourism has been a rare economic bright spot in China amidst economic challenges.
April 02, 2024
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