Vijay Jayaraj: China and India are growing their coal ambitions
Date: 16/11/20
Vijay Jayaraj, GWPF
Contrary to the perception of the mainstream media, China and India are increasing their coal capacity, and not moving away from it
China’s coal addiction clashes with Xi’s bold climate promise, Financial Times, 3 November 2020
On multiple occasions in 2020, soldiers from China and India engaged in border skirmishes resulting in casualties on both sides and months of trade uncertainty.
The Indo-China border tension appears to have eased now, but did the heightened tension between the Asian energy giants impact the trade and growth of the Fossil fuel sector?
China banned from India’s coal mining auctions
India undertook a series of measures to apply diplomatic and economic pressure on China. India banned a number of Chinese smartphone apps from the country, including the globally popular apps Tik Tok and PUBG. Further, the COVID-19 economic slowdown in India resulted in a 11% decrease in trade (year-on-year) between China and India.
India imports from China fell by 17.7%.
https://www.thegwpf.com/vijay-jayaraj-china-and-india-are-growing-their-coal-ambitions/