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Strict carbon emission targets in China causing electricity rationing stopped production losses in industrial output of 4% Doesn't sound sustainable https://www.ft.com/content/cf15cabe-3b37-4ce0-8376-ad6d2c5622e7 …pic.twitter.com/DFJOR7tiPu
Notice, it is not a loss in industrial output of 4%, h/t @CnnmnSchnpps
It is an unspecified reduction in growth rate
Telegraph cite estimate of the annual GDP cost to 0.5% from 8.2% to 7.7%https://www.telegraph.co.uk/world-news/2021/09/28/western-consumers-face-shortage-smartphones-china-shuts-factories …
And it makes no sense
You never mention Chinas hydropower. In south China deltas are dried up. Deltas there supply food for more than a million people in Bangladesh, Burma and China
I find it very hard to believe that the CCP is all in on carbon panic. Much more likely that green signalling is a smoke screen for their real motivation. Any ideas what that might be?
Cleaning up air ahead of winter Olympics
A cut in GROWTH to around 4%. So, less MORE. You think excessive growth IS sustainable?
Did you even bother to read the article?
It's a decrease *to* a growth rate of 4.0-4.5% (article doesn't mention what their previous estimate was).
Cut to overall GDP growth of 0.1%.
Who's the fact-free alarmist now? #smhpic.twitter.com/9IC7jRDpt7
The eco dream of mass poverty is beginning to happen.
We're all on the same train heading for a brick wall, you're just attacking those who can see the wall and suggest thinking about the brake! Either way, the train will come to a halt, its just a choice of how painful you want to make it. A little pain soon, or a lot later?
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