Letter from China: Beijing’s stability focus threatens climate goals

The Chinese government’s renewed focus on centralised control and economic pressure may undermine decarbonisation efforts

A considerable number of private companies that play a critical role in China’s economy have been brought to heel over the past year in a way that—from a Western perspective—seems counter-intuitive and detrimental to Chinese development and modernisation. In sectors ranging from technology and gaming to private tutoring and property, a slew of companies have been reprimanded, slashing their market value and raising questions about the future openness of China’s economy. What appears to be driving this new stance is that stability and control are now the priorities for the Communist Party. “We need a steady pace to sustain China’s development. What we hope for such a big economy as China’s

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Want to read more?

Please choose from one of the following options:

Already registered?
Click here to log in Subscribe now
to get full access to PE + HE + TE editorial and data Register now
to receive our newsletters and unlock up to three articles per month for free Any questions?
Contact us

Comments

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

Also in this section

Beijing strives to balance security and decarbonisation

15 October 2021

The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years

Occidental exits Ghana

15 October 2021

The US super-indie is divesting its assets in the country

Gran Tierra cranks up the gears

14 October 2021

Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities