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27 Jun
10:08

Hebei offers different loans to steelmakers

China's Hebei province increased loans issued to the steel industry in the first quarter of 2016, local government data shows. It hopes to spur capacity cuts by differentiating loan requirements, however, Kallanish notes. The dire state of the local steel industry has forced banks to keep a closer eye on risk management over the last two years, Kallanish notes. From January to March, the balance of loans to the iron and steel industry in Hebei incr…
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