BEIJING, May 5 (Xinhua) -- China’s yuan- and foreign currencies-denominated green lending reported steady growth in the first quarter, up 4.3 percent from the beginning of this year, according to Chinese central bank - the People’s Bank of China (PBOC) Saturday.`
The growth equals an annual growth rate of about 14 percent, making the outstanding green lending of China stand at 9.23 trillion yuan by the end of the first quarter.
By lending purposes, unexpired loans for green transportation and renewable and clean energy projects were 4.1 trillion yuan and 2.28 trillion yuan, up 4.8 percent and 1.7 percent from the year beginning.
By sectors, outstanding green lending for transportation, warehousing and postal services industries rose 4.9 percent to 3.91 trillion yuan and those for electricity, heating power and production and supply of natural gas and water grew 2.9 percent to 2.87 trillion yuan from the beginning of this year.
Generally, green lending refers to loans granted to enterprises, public institutions or other qualified organizations to finance projects related to areas including environmental projection, energy saving, clean energy, green transportation, and green building. (Edited by Duan Jing, duanjing@xinhua.org)
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