China’s economy is decelerating, prompting Beijing to pare back environmental policies to boost GDP, analysts profess.
The FT reports that: “Last year, steel producers in four major production cities were forced to halve their steel production during the winter months while reducing their coking coal use by nearly a third, at a minimum. Twenty-eight cities and regions were mandated to cut steel and aluminium output by nearly a third at a minimum. The curbs — a rare restriction imposed on industries where state enterprises are prevalent — were meant to target airborne pollution.”
Now they are dropped. It becomes more difficult day by day to make a case that governments are holding the Paris line.
Image: screenshot from SCMP website
