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Friday, February 18, 2022

Current Events-World Economy

https://www.reuters.com/markets/commodities/china-cbank-warns-default-risks-after-climate-stress-test-2022-02-18/

SHANGHAI, Feb 18 (Reuters) - China's banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu Guiping, vice governor of the central bank, said in comments published on Friday.

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