However, China’s moves to cut pollution ahead of their bi-decade leadership conference has yet to cut into their rate of economic expansion.
October 1, 2017
‘China’s drive to cut pollution could reduce economic growth by 0.25 percentage point in the next six months while boosting factory inflation, according to Societe Generale SA.
Production cuts to curb emissions and tougher nationwide environmental inspections will also support the profits of large industrial companies as producer prices rise, said Yao Wei, chief China economist at SocGen in Paris. She said the campaign will give a “notable supply shock” to the economy.’