As Beijing attempts to boost economic growth throughout the country. The amount of fossil fuels burned is expect to increase, pushing China’s massive power sector’s pollution levels to record highs in 2023.
Additionally, energy producers are project to heavily rely upon high emitting coal to produce the extra energy needed by industry due to the current high price of the (LNG) liquefied natural gas.
As of November, manufacturers of non-ferrous metals like Nickel, aluminium, copper, and zinc as well as refiners of oil increased their production to multi-year or historic high levels.
These improvements in activity across secondary industries, together with the slew of macroeconomic policies already launched by Beijing to encourage higher spending & demand in 2023.