This investment in coal-based steel production that won't be used domestically is a big part of why China is trying to discourage other countries from imposing a carbon tariff

https://energyandcleanair.org/publication/chinas-steel-sector-invests-usd-100-bn-in-coal-based-steel-plants-despite-low-profitability-overcapacity-and-carbon-commitments/

#China #Climate #ClimateCrisis #steel