BEIJING (Reuters) – China’s central bank is expected to issue first batch of low-cost loans targeted at carbon emission reduction to financial institutions by year-end, state-owned Xinhua reported on Tuesday, citing an interview with central bank governor Yi Gang.
The average interest rate of corporate loans is at 5%, a record low, Yi said.
(Reporting by Cheng Leng and Ryan Woo; Editing by Himani Sarkar)
