Briefly

Bank hikes lending for green sectors

The Bank of Communications, one of China's largest commercial banks, has strengthened financial support for the green and low-carbon transformation of traditional sectors and the expansion of green sectors. By the end of 2023, the lender's outstanding loans for green development reached 822.04 billion yuan ($115.6 billion), up 29.37 percent compared with the end of 2022, data from the bank showed.

Nation's natural gas consumption up

China's natural gas consumption saw strong growth in the first four months of this year, with the country intensifying its green development efforts, official data showed. The apparent consumption of natural gas during the period totaled 143.73 billion cubic meters, up 11.9 percent year-on-year, according to the National Development and Reform Commission.

Xinhua - China Daily