To promote growth, the China Central Bank will roll out new loan instruments.
The Chinese central bank announced on Sunday that it would renew three lending instruments to enhance support for specific economic sectors. According to a statement on the bank’s website, the People’s Bank of China will extend a financing tool for promoting the clean use of coal to the end of 2023 and a lending tool for supporting carbon emission reduction to the end of 2024. In addition, the central bank announced that it will prolong until June 2023 a financing tool for the transportation and logistics industry. The central bank announced that some overseas financial organisations will be covered by…