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 BEIJING (AP) - China said Thursday it would bar bank loans to companies that violate environmental rules, an apparent effort to target firms that find it cheaper to pay fines or bribes than help reduce the country's worsening pollution.
The initiative is part of efforts to enforce frequently ignored environmental rules amid increasing concerns about pollution that has left millions without access to clean water and made China's cities some of the world's dirtiest.
The deputy director of China's environmental agency said that companies that did not follow environmental protection regulations would be disqualified from getting loans from any bank or financial institution, the state-run Xinhua News Agency reported.
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