China to bar loans to scofflaws
Published: Fri, Jul. 06, 2007 12:00AM
Modified Fri, Jul. 06, 2007 03:10AM
E-Mail
Print
tool name
closeBEIJING -- China said it would bar bank loans to companies that violate environmental rules, an apparent effort to target firms that find it cheaper to pay fines or bribes than help reduce the country's worsening pollution.
The government's initiative is part of efforts to enforce frequently ignored environmental rules amid increasing concerns about pollution that has left millions of people without access to clean water and made China's cities some of the world's dirtiest.
More Business
All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.
Get it all with convenient home delivery of The News & Observer.
The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.
Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.
If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.
