Polluting, not borrowing bank

The Central Bank of China has ordered banks and affiliated credit institutions not to let businesses pollute the environment and spend too much energy . borrowing money.

(Artwork: cbc)

Xinhua News Agency on September 4 quoted Thieu Phuc Quan, director of the People's Bank Credit Department, said the Central Bank has set up a data warehouse to support banks to assess the level of response. to meet the environmental protection standards of enterprises.

According to Shanghai Stock Exchange, more than 30,000 information relating to businesses violating environmental laws is included in the data warehouse. ' If a business has a name in this database, it is not allowed to lend ' - Mr. Thieu confirmed.

China has pledged to reduce the energy consumption of each GDP unit by 20% from 2006-2010 to become the largest country with the goal of reducing greenhouse gas emissions.

In August 2010, China Daily reported that the country ordered 2,087 businesses in the fields of steel, coal, cement, aluminum, glass and other materials to close by the end of September 2010. too old obsolete manufacturing plants or will face the risk of freezing bank loans and power cuts.

Anhui provincial government said in August 2010, power plants were cut 500 after the owners of businesses did not meet the requirements of reducing harmful emissions into the environment.