China Development Bank and Deutsche Bank sign 3 billion US dollar cooperation agreement

Deutsche Bank press release ------ Deutsche Bank (XETRA: DBKGn.DE / NYSE:DB) China Development Bank (CDB) and Deutsche Bank signed a Memorandum of Understanding at a ceremony in Berlin. The two parties expressed their interest in promoting the renminbi’s (RMB) internationalization and in financing economic cooperation between China, Germany and other Belt & Road Initiative (B&R) countries. The Belt & Road Initiative is a development strategy proposed by Chinese President Xi Jinping. It focuses on cooperation between Eurasian countries, primarily China, the land-based Silk Road Economic Belt and the oceangoing Maritime Silk Road. Many Chinese state leaders, including Premier Li Keqiang who is currently visiting Germany, have promoted this policy initiative across the world over the past several years. To learn more click on the picture below to read the release.