China Development Bank issued 200bn yuan ($28bn) in green loans, surpassing growth rates of all other loans, and 110bn yuan in carbon-reduction loans, in line with China'
China Development Bank, a major policy bank, increased its financial support for green industries, issuing 200 billion yuan ($28bn) in green loans during the first five months of the year, surpassing growth rates of all other loans. The bank has also issued 110 billion yuan in carbon-reduction loans. These actions align with China's ambitions to reach peak carbon emissions by 2030 and carbon neutrality by 2060.
June 23, 2024
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