Even in China, David sometimes beats Goliath – though it’s sometimes hard to be sure.
This week, residents of Songjiang – a suburb of Shanghai which has gained fame around the world for having over 10,000 dead pigs floating in its water supply – found that though they could not vanquish the porcine invader, they had scared away an intruder from the corporate world. Shanghai Guoxuan High-Tech Power Energy company said it was abandoning plans for a battery factory in Songjiang, after residents protested on the streets and on the internet against it. Continue reading »
Meet the world’s newest would-be mining giant: the Ganzhou Rare Earth Group.
It has yet to make any sales, but if all goes according to plan for government officials in China’s poor southern province of Jiangxi, it could control about a third of the world’s supply of rare earths, elements which are crucial in the manufacture of electronics. Continue reading »
Recently there has been a lot of attention paid to an essay on tax reform by the head of the tax department at the Ministry of Finance in Beijing, which mentions two hot-button words: carbon, and tax.
But does this mean that China, the world’s biggest emitter of carbon, will adopt a serious carbon tax? According to Su Wei, director general of climate change at the powerful economic planning ministry, the answer is: probably not anytime soon. Continue reading »
The toxic smog that has descended on much of northern China this winter has had many astonishing side effects: pollution domes being built over sports facilities, fresh air sold in cans on the streets of Beijing, and fewer fireworks to celebrate Chinese New Year.
But what does the smog mean for China’s heavy industry? Even before “airpocalypse”, Beijing had announced proposals to cap emissions from high-polluting industries under the current five-year plan. This programme got a further boost this week, when the Ministry of Environmental Protection unveiled a new accelerated timetable for the changes. Continue reading »