China creates another vehicle for corruption

NY Times:

Enacting Cap-and-Trade Will Present Challenges Under China’s System


With its heavy-handed interventions, poor statistics and corruption, China will need years to build a market that substantially cuts emissions, experts said.
Cap and trade is just another name for market manipulation.  If someone other than the government were doing it, is would be considered criminal in many countries including the US.  It will offer excellent opportunities for corruption and profiteering in China.

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