China's coal support continues with EUR 27.8bn finance promise

Unlike many other nations around the world these days, China continues to support the use of coal, with the country's central bank now offering a relending program to domestic banks to back more efficient consumption of the dirtiest of fossil fuels.

BY BLOOMBERG NEWS

China continues to set itself apart from global peers when it comes to coal, allocating more than CNY 200bn (EUR 27.7bn) in financing at a time when most global banks are shunning the fuel.

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