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China Steps Up Support for Companies Facing Carbon Border Taxes

Key Takeaways

  • China is rapidly developing carbon accounting capabilities in response to the EU’s new carbon border adjustment mechanism.
  • New mandatory supply chain decarbonization targets for state-owned enterprises and government officials could improve procurement prospects for some private companies with advanced carbon management capabilities.
  • Beijing is ready to deploy its trade remedy toolkits to support its green technology manufacturing sector amid growing challenges to export competitiveness.

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