Chinese Stimulus Effort Goes Green: WSJ

Over the past decade or so, Chinese stimulus efforts have tended to feature housing and steel as the main course, with green infrastructure as a side. This time Beijing appears to be eyeing greens for the main, The Wall Street Journal reported.

On November 8, the People’s Bank of China announced a new “carbon emission reduction lending facility”, which would provide low-cost funds for banks to re-lend to clean power, energy efficiency and other similar projects.

Read the full report: The Wall Street Journal
 

READ MORE:

What Will it Be Like When China’s Bounceback Passes its Peak?

Japan Says Chips Boost Key To Post-Pandemic Stimulus Push

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

You Might also Like

China Shadow Bank Zhongzhi’s Desperate Effort to Avoid Collapse

China's Big 5 Lenders Warn of Property Risks as Margins Shrink

China Asks Banks to Roll Over $13tn Local Debt at Lower Rates

China Bankers to Shun ‘High-End Taste’ Fearing Regulatory Ire