MNI China Daily Summary: Friday, April 26

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MNI BRIEF: China To Support Belt&Road Green Finance -Ma Jun

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Chinese financial institutions should boost investments in renewable energy projects and support the transition of high-carbon sectors in countries along the Belt and Road Initiative, a former People’s Bank of China chief economist told a recent forum.

Demand for financing to facilitate the transition of high-carbon industries such as steel, cement, petrochemicals in Belt and Road countries may exceed that for "pure green” projects, said Ma Jun, according to the website of the Green Finance Committee of China Society for Finance and Banking, of which he is chairman.

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Chinese financial institutions should boost investments in renewable energy projects and support the transition of high-carbon sectors in countries along the Belt and Road Initiative, a former People’s Bank of China chief economist told a recent forum.

Demand for financing to facilitate the transition of high-carbon industries such as steel, cement, petrochemicals in Belt and Road countries may exceed that for "pure green” projects, said Ma Jun, according to the website of the Green Finance Committee of China Society for Finance and Banking, of which he is chairman.

Keep reading...Show less