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Given the Chinese government's grip on macroeconomic policy, Christensen believes these factors already exist in China and are among the stepping-stones to its green transition.
NEW CHANCES
A total of 1.2 million people have been affected in the province, which was evacuated of over 40,000 people and saw 3,759 houses toppled by floods, as of Tuesday evening, according the provincial flood prevention and control headquarters.
The accident happened at around 2 a.m. in Yan'an, Shaanxi Province, when a double-decker sleeper bus crashed into a methanol-loaded tanker and caught fire.
China's foreign exchange (forex) reserves will not increase ceaselessly, as the share of the current account surplus in the country's economy is already very high and will drop to a reasonable level in future, Zhou noted.
来源：资阳报