Definitely agree. Who would give up economic growth for emission limits. I am surprised the Chinese leadership would fall for this western climate change pressure and BS! They should haves asked for compensation from western nations who have been polluting for centuries before agreeing to emission targets.
I feel they need to take away emission targets right now and keep factories running!
and if they don't what the rest of the world is gonna do about it?
You guesses it right: pay more for less goods. What choice do they have? Move to a place where there is more electricity? Where is that?
Nowhere? No problem we will start building coal plants. Who's gonna fund them and build them again after papa Xi said no one in China can offer finance or expertise?
This is the perfect time to do it. Because to be frank, the rest of the world sucks our dicks for their supplies. SEA and India have been fucked by COVID. Africa can kiss those coal plants goodbye. American power grid cannot sustain a 1mm snow fall. EU? Laughable.
Don't be fooled by industrial output calculated by monetary value. A Boeing jet may be worth as much as 10 billion rolls of toilet paper but the entire US cannot make 10 billion rolls of toilet paper.