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Reuters
Reuters
Business

China to set up green development fund: Xinhua

FILE PHOTO: Vehicle drive amid the heavy haze at night in Beijing, China January 18, 2020. REUTERS/Jason Lee

China's State Council will set up a green development fund to improve financial support for environmental protection, news agency Xinhua reported on Tuesday.

China will also launch an environmental insurance system for "high risk" sectors, Xinhua reported without elaborating which sectors this would include.

(Reporting by Shivani Singh and David Stanway; Editing by Andrew Heavens)

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