COVID-19 News

Hopes for a green recovery in China, 18 to 24 May

Recovery program China. The Chinese government does not set a GDP growth target for China, prioritising employment and poverty alleviation. It will issue up to 360 billion $ worth of state bonds to fund recovery. Observers hope that this reduces the push to invest into inefficient infrastructure. However, it also avoided setting a goal to reduce energy intensity. See www.climatechangenews.com/2020/05/22/china-prioritises-employment-gdp-growth-coronavirus-recovery/ , and https://think.ing.com/uploads/pdf-replacements/ING-Think-china-what-do-the-targets-set-by-national-peoples-congress-mean.pdf