Achieving a Sustainable Chinese Recovery
As China puts the worst of the COVID-19 crisis behind it, reopens factories, and resumes trade with its neighbors, the country's leaders must strike the right balance between maintaining short-term growth and laying the foundations of future growth. Accelerating progress toward a low-carbon economy would be a good way to do that.
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LONDON – When the 2008 global financial crisis erupted, China’s exports collapsed, threatening massive job losses. In response, China unleashed the world’s biggest-ever construction boom, pouring more concrete between 2011-13 than the United States did in the entire twentieth century.