With a domestic glut, China is bankrolling coal projects abroad — even as the rest of the world cuts back and China pledges to go carbon neutral.
An artist's rendering of the Emba Hunutlu coal plant Credit: EMBA
In Turkey, on the northeastern edge of the Mediterranean, a massive effort is underway to build a 1,320-megawatt coal power plant. The Emba Hunutlu power station, according to activists working to halt its construction, will pollute the air and destroy the habitat of a nationally protected sea turtle species. What’s more, once the project is finished, the rising price of coal might prevent it from ever becoming economically viable.
Nevertheless, three Chinese state banks — the China
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Chinese vape makers exploited a loophole in rules set during the first Trump administration to spread their products across America. Could the president's trade war now help stem the tide?
The longtime analyst explains why China’s banking system is key to understanding its economy, and why its top lenders might be both stronger — and weaker — than many assume.
A podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.
In a special bonus episode recorded live at the Asia Society, host Jane Perlez speaks with journalist and scholar Orville Schell about his 50 years covering Chinese leaders and their American counterparts. They attempt to answer the question: how did we get here?
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