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Exclusive: A top official in Beijing’s Cop delegation says China is committed to clean energy – but US’s absence is a problem
China is committed to the energy transition needed to avert climate breakdown – but does not want to take the lead alone in the absence of the US, one of the country’s senior advisers has told the Guardian.
Wang Yi said China would provide more money to vulnerable countries, but the EU’s climate commissioner has warned Beijing is not doing enough to cut emissions.
The White House has made it a top priority to return the rare-earth industry to US shores. But is it really feasible? Scott Bessent, the US treasury secretary, returned from South Carolina last week brandishing a small piece of metal, proclaiming that it was the first rare-earth magnet made in the US in a quarter of a century. It was, he indicated to Fox Business, proof that the US is ending “China’s chokehold on our supply chain”. Thanks to the South Carolina company eVAC’s new rare-earth mineral processing center, Bessent added: “We’re finally becoming independent again.” Continue reading… Source…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China has lent more to US than any other country since 2000, report finds China’s lending since the turn of the century has been “vastly” larger than previously understood, with loans and grants increasingly going to developed countries including the United States – the largest recipient – according to a new report by an American university research… Source link
General Secretary Xi Jinping warns about the recurrence of undesirable work styles – formalities for formalities’ sake, hedonism, and extravagance. Source link