As seen in Bloomberg Politic’s, when China’s President Xi recently laid out his vision statement to the 19th Congress, he mentioned the word ‘environment’ 89 times compared to the word ‘economy’ only 70 times.
“Bloomberg Intelligence crunched the rhetoric in the Chinese-language version of the president’s speech to the 19th Communist Party congress. The results are emblematic of China’s bid to pivot away from the smokestack industries that delivered it double-digit growth as public dissatisfaction over pollution and food scandals mounts.”
This has also been driving the recent refrigerant production shutdowns in China as production facilities are required to meet new environmental standards.
See the article here.