The Magazine for Asian Investors
China wants to take another step towards a cleaner China and will therefore ban projects in key zones that pollute the air, water, and soil. For this purpose, new steel, coking, oil refineries, cement, and glass projects will be banned. In turn, projects such as biomass, geothermal and solar projects are to be expanded more.
In addition, an important part of it will be the expansion of electric vehicles. These are expected to account for 50% of all car sales in China from 2030.
This is China’s way of combating a problem that has long existed in China, namely the pollution of its own resources. Whether water, air, or soil, China has polluted the environment by building up industry in the country.