China halts loans to firms that break environment rules

A man rides a tricycle past a power plant in Pinghu, near Shanghai. China has ordered banks to stop new lending to companies that pollute excessively or consume too much energy, as part of a drive to make its economy more energy efficient, state media said.(AFP/File/Philippe Lopez)AFP – China has ordered banks to stop new lending to companies that pollute excessively or consume too much energy, as part of a drive to make its economy more energy efficient, state media said Saturday.


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