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National Development Bank Loans 6 Billion to Da Ming Gong Project

People Net, the online presence of Chinese state daily news Renmin, recently reported that the Da Ming Gong Project received a loan of RMB 6 billion from the National Development Bank. This is the National Development Bank’s largest culture investment. Da Ming Gong is the name of the emperor’s palace of the Tang Dynasty. The project is to build a culture park at the location of the palace. The Park, in the City of Xi An, will be open to public on October 1, 2010.

Source: Renmin, March 19, 2010