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Fri, 23 Apr 2021 19:48   Frank Tang

China’s carbon-neutrality push prompts major coal-production region to beg banks for financing

China’s ambitious carbon-neutrality goals do not bode well for miners in the coal-producing province of Shanxi, which is already facing financing difficulties after a series of high-profile domestic bond defaults last year.As a result, local authorities have stepped in to court financial assistance.At a conference attended by representatives of 160 financial institutions on Wednesday, local state firms and financial authorities joined efforts to shore up confidence by promising a timely…

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