An aerial view shows a coal-burning power plant on the outskirts of Zhengzhou, Henan province. The province is under pressure to phase out its coal mining capacity and secure new growth engines. Photo: ReutersAn aerial view shows a coal-burning power plant on the outskirts of Zhengzhou, Henan province. The province is under pressure to phase out its coal mining capacity and secure new growth engines. Photo: Reuters
An aerial view shows a coal-burning power plant on the outskirts of Zhengzhou, Henan province. The province is under pressure to phase out its coal mining capacity and secure new growth engines. Photo: Reuters

Lend at least 450 billion yuan, banks told by China province as slowdown deepens

Such implied targeted intervention by local government concerns economists

An aerial view shows a coal-burning power plant on the outskirts of Zhengzhou, Henan province. The province is under pressure to phase out its coal mining capacity and secure new growth engines. Photo: ReutersAn aerial view shows a coal-burning power plant on the outskirts of Zhengzhou, Henan province. The province is under pressure to phase out its coal mining capacity and secure new growth engines. Photo: Reuters
An aerial view shows a coal-burning power plant on the outskirts of Zhengzhou, Henan province. The province is under pressure to phase out its coal mining capacity and secure new growth engines. Photo: Reuters
READ FULL ARTICLE