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Carbon emission peak and neutrality goals should not be pursued at the expense of stable economic growth, which is the main task, the 21st Century Business Herald reported citing Li Yang, chairman of the National Institution for Finance & Development. China needs to establish a green finance system, including risks in the transition, which requires support from monetary and fiscal policies, Li said. In the medium and long term, the backbone of China’s potential economic growth may decline given poor investment, weak consumption and unsustainable robust exports, the newspaper said citing Li.

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