In 2023, China’s economy expanded by 5.3%. This would have been an impressive number worth celebrating for any other country. For China, however, the number was widely seen as a disappointment—even though it exceeded analyst expectations. As a result of these apparently disappointing developments, analysts expect Beijing to lean heavily on stimulus this year. And this would mean higher emissions. The link between economic growth and cheap energy is one that does not get much public attention since that attention tends to be…
