“The real crisis looming in the Chinese economy does not concern 'Evergrande,' but the power shortage. Market watchers expect the Chinese government to continue to push for a strong carbon-neutral policy ahead of the Beijing Winter Olympics scheduled from Feb. 4 to 20 next year [2022], and this could significantly slow industrial activities. China has tightened production regulations in line with a green initiative. The recent surge in the price of aluminum is explained in large part by production difficulties due to stricter environmental regulations, compounded by rising demand from eco-friendly industries including manufacturers of EVs and batteries.”
29 Sep 2021
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