Latest news with #China Yajiang Group
Bloomberg
22-07-2025
- Business
- Bloomberg
China's $167 Billion Mega-Dam Promises Boost for Green Finance
China's massive hydropower project is expected to unleash a wave of fresh fundraising and bolster a green debt market that's increasingly being driven by Asia's top economy as the US and Europe face a slowdown. A new state-owned entity, China Yajiang Group, set up to lead the 1.2 trillion yuan ($167 billion) Yarlung Tsangpo development in Tibet, could tap bank loans or the bond market, Citigroup Inc. analysts Xiangrong Yu and Xinyu Ji wrote in a note.
Bloomberg
21-07-2025
- Business
- Bloomberg
China Moves Ahead With $167 Billion Tibet Mega-Dam Despite Risks
The massive economic stimulus and boost to clean power from a 1.2 trillion yuan ($167 billion) mega-dam in Tibet has proven alluring enough to Chinese leaders to outweigh concerns about potential damage to biodiversity and relations with India. Chinese Premier Li Qiang launched construction of the hydropower project on the lower reaches of the Yarlung Tsangpo river on Saturday, and unveiled the China Yajiang Group, a new company that will be charged with managing the dam's development, according to the official Xinhua News Agency.
