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ICBC Financed Chinese Expansion into Europe’s Wind Energy Market, Investigation Finds
The Industrial and Commercial Bank of China (ICBC), one of the world’s largest state-owned banks, provided substantial financing to support the expansion of Chinese energy companies into Europe’s wind power sector, according to an investigation based on millions of confidential banking records. The findings raise questions about the role of state-backed financing in international competition and the potential impact of foreign subsidies on Europe’s strategic energy infrastruc
4 hours ago4 min read
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