A group of Chinese officials announced on Tuesday that it has completed the construction of the world’s largest Chinese construction bank.
The National Development Bank of China will have its offices in Shanghai and Beijing and will hold a total of $7.5 billion in deposits.
The bank, which is called the China Construction Bank, is a project of the Chinese government and the state-owned Bank of Science and Technology (BST).
The bank is the largest and most complex of its kind, according to officials.
The construction bank will be the most important development in China’s $7 trillion economy.
The bank is expected to be operational by 2020, according the official Xinhua news agency.
The Shanghai construction bureau was created in 2013 as part of the massive economic reform program.
The Chinese government says the bank will provide investment capital for the country and be the first bank in the world to be established as a public-private partnership.
The new bank will also be the largest in China.
The World Bank estimates that China’s economy could grow by a staggering $2.8 trillion in 2020.
China’s official Xinjiang daily reported on Monday that China has opened the doors of the bank.
It is estimated that the bank is about 5,000 feet long and is about 1,000 meters high.
Construction has begun on the bank’s headquarters building, which the paper says is the biggest in the region.
The project is estimated to cost about $8.5 million per square meter, according Reuters.
The official Xinzhou Daily reported on Tuesday the bank was completed in December, citing officials.
The paper said that the project is expected cost about 20 billion yuan ($2.5 trillion) and will cost 1 billion yuan for the first floor.
The announcement of the construction comes amid rising tensions between China and North Korea.
North Korea recently conducted two nuclear tests and fired four ballistic missiles.
China, North Korea’s main trading partner, has said it will not take any action against Pyongyang unless it does something to curb its nuclear weapons program.
China and North America are currently negotiating a joint economic strategy.