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,

Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead