China to Build Massive $1.5 Bln Panda Conservation Area

Local Editor

The Bank of China has pledged at least 10 billion yuan ($1.5 billion) to create a massive giant panda conservation park in southwestern Sichuan province.

China's forestry ministry announced Thursday an agreement between the bank and the provincial government to finance the Giant Panda National Park's construction by 2023. The park aims to bolster the local economy while improving breeding conditions for wild pandas living in the mountainous region.

The ministry said it will measure 2 million hectares (5 million acres), making it more than two times the size of Yellowstone National Park in the United States.

Giant pandas are China's unofficial national mascot and live mainly in the Sichuan Mountains.

Source: News Agencies, Edited by website team