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For example, petitioner notes that Party committees and the PBOC make positive that banks’ lending choices comport with industrial policy, which incorporates using administrative measures to punish banks that stray from industrial policy. In addition, the PBOC holds monthly meetings with Chinese banks to monitor and direct their credit allocation. Through these means, the Party committees and the PBOC have succeeded in directing the circulate of credit score to favored industries and to state-owned enterprises . As examples, petitioner cites to SMPI’s Hainan Jinhai integrated pulp facility and Shandong Chenming’s Zhanjiang pulp facility. Lastly, petitioner factors to proof on the document that the GOC used its management over SOCBs to make policy loans to the paper business, together with respondents in this case, in order to perform the policy aims laid out in China’s industrial policies. Petitioner also cites to several studies on the report as well as proof gathered at verification, which indicate that commercial banks in China proceed to be subject to native government affect.
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