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China central bank to roll out low-cost loans for carbon emission cuts by year-end -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: China’s Central Bank Governor Yi Gang (C), leaves following a speech given at China Development Forum 2018 (CDF) at the Diaoyutai State Guesthouse, Beijing. March 25, 2018. REUTERS/Jason Lee

BEIJING (Reuters – China’s central banking is set to issue the first tranche of low-cost loans aimed at carbon emissions reduction to financial institutions in year-end. State-owned Xinhua reported Tuesday that it had interviewed Yi Gang, the governor of China’s central banks.

Yi stated that the average corporate loan interest rate is 5%. This record-breaking low was achieved by Yi.

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