State-owned green firm gets World Bank ban

The World Bank has barred a subsidiary of a state-owned leader in energy conservation and environmental protection from work on projects financed by the lender after the company admitted to fraud.

The ban on China Energy Conservation and Environmental Protection Group Technology and Investment Co New Hope & Talroad (Beijing) Environmental Technology (CECEP New Hope) applies for two years.

via Business feed http://www.scmp.com/business/china-business/article/1274138/state-owned-green-firm-gets-world-bank-ban