China has two problems: fast growth and pollution. For some time now China has been trying to slow its growth by making small tweaks to things like interest rates. Because of this growth, China has become the biggest carbon and emissions polluter in absolute terms (it was already far worse than US relative to GDP).
Two problems, one solution: China should require US-like emission controls on all vehicles and it should require all new coal plants to have strict emission controls. This will raise the price of cars and electric, thus taxing the economy a bit and slowing down growth.
Easy as pie ;-)
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