Coal power plants suspended, and American companies gloomy on China
Top business and technology news for January 18, 2017. Part of the daily SupChina news roundup “India scolds China."
China halts construction of 101 coal power plants / Caixin
The central government has suspended 101 coal power projects. The main factor behind the decision was the concern that weak demand for electricity this year could lead to a power glut. Some of these projects have already started construction. Other projects could also be scrapped to achieve goals to increase the proportion of power generated from renewable sources.
Businesses move China down priority list: AmCham survey / CNBC
The American Chamber of Commerce in China has released its annual survey of its members and reports that the country is becoming “less of an investment priority for companies.” The members are gloomier about their prospects in China for a number of reasons, including unpredictable regulation, protectionism, higher labor costs, and a slowing economy. You can get the whole report by registering on AmCham’s website here.
- Liaoning government admits false growth data from 2011-14 / Caixin
- China preparing to hit back if Donald Trump starts trade war, says U.S. business group / SCMP
- U.S.-trained official may shape China’s response to Trump on trade / NYT (paywall)
- Trump aide Scaramucci sells investment business to Chinese consortium / NYT (paywall)
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