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China: Banks boost green credit for green growth

2013-07-22 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Xinhua: Major Chinese banks have vowed to offer strong credit support for the development of green economy amid China's drive to promote ecological progress and curb pollution. Building a mechanism to provide positive incentives will be key to the development of green finance, according to a consensus reached by more than 10 financial institutions including the "big four" state-owned banks at an on-going ecological forum in Guiyang, capital city of southwest China's Guizhou Province. The "big four"...

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