Banks must control credit to coal and steel firms that are violating capacity cuts, said the China Banking Regulatory Commission. Instead, the CBRC has encouraged banks to use financing for mergers and restructuring in the sectors.
Reuters (15 Dec.)
Banks must control credit to coal and steel firms that are violating capacity cuts, said the China Banking Regulatory Commission. Instead, the CBRC has encouraged banks to use financing for mergers and restructuring in the sectors.
Reuters (15 Dec.)
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