Heard on the Street: Chinese stimulus efforts have tended to feature housing and steel as the main course, with green infrastructure as a side. This time Beijing appears to be eyeing greens for the main.
Over the past decade or so, Chinese stimulus efforts have tended to feature housing and steel as the main course, with green infrastructure as a side. This time Beijing appears to be eyeing greens for the main.
There is little doubt these new facilities will spur more lending—particularly since power-sector borrowers arefrom banks’ perspective. Less certain is how effective such investments will be at quickly reducing emissions, or at putting the economy on a more financially sustainable pathway.
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