China is directing 2,000 industrial companies to shut obsolete factories to meet national energy intensity targets. Five years ago, Beijing pledged to cut by a fifth its industry's energy intensity, a measure of energy consumed by unit of output. That goal looks in jeopardy, mainly because the $586bn stimulus package rolled out in 2008 favoured China's biggest and dirtiest industries. In the aftermath of the Lehman shock, China chose growth over the climate. Now the panic is over, there are tentative signs that it is planning another push to improve the efficiency of its smokestack economy. That is to be welcomed, so far as it goes.
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