China to Set up Pilot Zones for Green Finance, Cut Red Tape for Industries


The State Council, China's cabinet, Wednesday announced its decision to set up pilot zones for green finance to support its industrial upgrading and to further cut red tape.

The pilot zones will be in Guangdong, Guizhou, Jiangxi and Zhejiang provinces and Xinjiang Uygur Autonomous Region.

The zones will explore replicable ways to boost green financing, according to the State Council executive meeting chaired by Premier Li Keqiang.

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