China's central bank adviser suggests green strategy for overcapacity issue
Monday, 27 May 2024, 16:00
Central bank adviser's green strategy for China's overcapacity issue
A member of the central bank's Monetary Policy Committee has proposed a unique solution to China's overcapacity problem – encouraging developing nations to adopt green technologies. This approach draws parallels to the Marshall Plan, focusing on transitioning towards a sustainable economy. However, there are concerns about potential repercussions that need to be carefully considered.
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