China bypasses the U.S. Treasury and goes right to the source, its Development Bank nearing the...

|By:, SA News Editor

China bypasses the U.S. Treasury and goes right to the source, its Development Bank nearing the inking of a $1.7B loan package to Lennar (LEN). The funds will be used for infrastructure such as roads and shore stabilization as the company moves ahead with developments in San Francisco, including the redevelopment of the U.S. Navy Base.