Bloomberg: China Could Build New Coal Plants Overseas Even After Xi Pledge

China Could Build New Coal Plants Overseas Even After Xi Pledge
China Could Build New Coal Plants Overseas Even After Xi Pledge

It’s unclear whether developments that haven’t begun construction will go ahead after President Xi Jinping’s promise to stop building projects abroad. 

Chinese state-owned enterprises have a massive pipeline of coal-fired power projects in more than a dozen countries and it remains unclear if they’ll be scrapped, even after President Xi Jinping’s pledge to stop building plants abroad.

“There is a transparency problem for China’s overseas coal deals,” said Wawa Wang, program director at Just Finance. “It makes the monitoring of critical information specific to project appraisal, project status and financial disclosure difficult.” 

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