Germany's Deutsche Bank to support China's Belt and Road Initiative
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Germany's biggest lender, Deutsche Bank, said Wednesday it would support three billion US dollars' worth of development projects in partnership with China Development Bank (CDB). 
The news comes as Chinese Premier Li Keqiang visits Berlin. The Deutsche Bank said in a statement that the two banks have signed a memorandum of understanding to promote yuan internationalization and cooperation on Belt and Road projects. 
The CDB and Deutsche Bank will finance projects that are beneficial to the clients of both banks, including through joint lending and project finance.