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Asia Pacific

China strengthens financial support for coal, electricity production | Source: People´s Daily Online

China’s top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market. Measures should also be taken to prevent speculation on high-end consumer goods using business and consumer loans; illegal inflows of bank and insurance funds into stock, bond and futures markets; and behaviors inducing consumers to borrow blindly and spend excessively.

Source: People´s Daily Online


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