Beijing has ordered its banks to support the financial needs of coal and energy companies. With nearly two-thirds of provinces grappling with power rationing, China’s power supply situation continues to challenge the economy. “Banks and other financial institutions should prioritize lending to qualified mines and power plants, and make them ensure to boost thermal coal…
China Orders Bank Funding to Boost Domestic Coal Production
October 7, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese Regimecoal productionPower Crunchpower rationingWorld
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