The state-owned bank was asked by China’s chief policymaking body the National Development and Reform Commission (NDRC) to come up with recommendations to support healthy development of the sector and will soon submit its plan, a source tells the influential newspaper, China Securities Journal.
Details of the proposal were leaked just a few hours ahead of an announcement by the EU ProSun lobbying group that it was requesting a probe by the European Commission into financial support offered to China’s solar companies that it claims breaks WTO rules.
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