(Yicai Global) July 28 -- China Development Bank, a major policy lender under the cabinet, extended a total of CNY1.87 trillion (USD267.4 billion) in yuan and foreign currency loans in the first half to support economic recovery after the coronavirus pandemic, Xinhua News Agency reported today.

The loans included CNY1.03 trillion for construction of new infrastructure and major projects, the report said, along with CNY438.5 billion to restart businesses and production, as well as CNY29.5 billion in emergency loans for epidemic prevention and control measures.

New yuan-based lending to the real economy hit a record CNY12.33 trillion (USD1.76 trillion) in the six months ended June, the central bank announced on July 10. That was about CNY2.31 trillion more than in the same period a year earlier.