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Also, the new coal-fired power plants, such as those ultra-supercritical ones, are much more efficient and less polluting than the old ones they replace.Number of coal power plants is not the construction rate of new power plants, it is the construction rate - decommissioning rate.
Everything You Think You Know About Coal in China Is Wrong
China’s new coal-fired power plants are cleaner than ours—and stronger on climate change.
Actually, 2024 is the year of inflection for China's clean-energy sectors - they finally overtaken real estate as China's top growth driver.
Clean-energy technologies made up more than 10% of China’s economy in 2024 for the first time ever, with sales and investments worth 13.6tn yuan ($1.9tn).
Clean-energy sectors drove a quarter of the country’s gross domestic product (GDP) growth in 2024 and have overtaken real-estate sales in value.
Chinese needs less US Treasuries and more gold and other precious metals. At its peak, China held more than a trillion US Treasuries.
China’s holdings of US Treasuries fall to lowest level since 2009
Beijing has been seeking to hold US debt through lower-profile accounts and diversifying into other assets
The value of US sovereign debt held by Chinese investors fell by $57bn to $759bn in 2024, data published by the US Treasury on Tuesday showed.