China central bank to roll over lending tools to spur growth

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China's central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy.

The People's Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a relending tool for promoting the clean use of coal to the end of 2023, the bank said in a statement on its website.

Some foreign financial institutions will be included in the scope of the carbon reduction tool, the central bank said.

 

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