China’s Central Bank, Regulator Urge Banks to Boost Lending Bloomberg News Two of China’s biggest provinces are raising power rates for factories amid increased environmental scrutiny and higher fuel costs, adding another obstacle to hitting economic growth targets. Jiangsu, the country’s second-biggest provincial economy, has increased tariffs for nearly 30 large factories either because they missed energy efficiency targets or are using outdated equipment. Its neighbor to the south, Zhejiang, is seeking feedback on a proposal to boost rates for more than 600 factories to cover higher natural gas costs. The moves come after global coal and gas prices soared following Russia’s invasion of Ukraine, and underscore the government’s focus on reducing emissions and shifting its economy away from the large polluting industries of the past to more efficient high-tech sectors. But higher power prices will make it even harder for Beijing to meet its annual GDP growth target […]