Analysis

Confused by China’s mixed messages on steel? This will help

China’s quandary about how to keep the economy firing while achieving climate goals means steel production may not be cut as aggressively as previously expected.

Michael SmithHealth editor

Updated Aug 3, 2021 – 12.06pm, first published at 12.05pm

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The Chinese government’s mixed messages on carbon emissions have sent markets into a spin.

Like many of Beijing’s policies, the government’s latest statement about how it will meet Xi Jinping’s ambitious target of peak emissions by 2030 and how this will affect steel production is open to interpretation.

Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney.