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CHINA PRESS: China Needs Stronger Carbon Accounting To Deal With EU Tariffs

CHINA PRESS

China must deal with the EU’s new carbon tariff measures by strengthening emissions management and accounting systems, as well as reducing the carbon footprint of products, according to Miao Lu, secretary general at the Centre for China and Globalization. Chinese firms need to reduce risk by developing diversified markets in Southeast Asia, Africa and Latin America, Miao added. Beijing must also play an active role in international rule making to ensure a policy environment favourable for domestic firms, Miao continued.

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China must deal with the EU’s new carbon tariff measures by strengthening emissions management and accounting systems, as well as reducing the carbon footprint of products, according to Miao Lu, secretary general at the Centre for China and Globalization. Chinese firms need to reduce risk by developing diversified markets in Southeast Asia, Africa and Latin America, Miao added. Beijing must also play an active role in international rule making to ensure a policy environment favourable for domestic firms, Miao continued.