Shanxi’s high exposure to the coal industry make it an easy target in Beijing’s carbon-reduction efforts. Photo: AFP
China’s carbon-neutrality push prompts major coal-production region to beg banks for financing
- Local authorities in Shanxi province have stepped in to secure financial assistance for coal miners amid rising default risks
- There is growing anxiety that the reluctance of banks and lenders to inject such funding could pose a serious threat to local economic stability
Shanxi’s high exposure to the coal industry make it an easy target in Beijing’s carbon-reduction efforts. Photo: AFP
