Not really, billionaires are kept in check. Corruption was a big issue in the 2000s, but the majority of the opportunists were already purged. At the same time, the PRC has dedicated a huge portion of its economy to electrification and green energy, as well as combatting desertification.
China is also quite democratic, which is why it takes climate change seriously:
China: political dissidents are our biggest threat
Not really, billionaires are kept in check. Corruption was a big issue in the 2000s, but the majority of the opportunists were already purged. At the same time, the PRC has dedicated a huge portion of its economy to electrification and green energy, as well as combatting desertification.
China is also quite democratic, which is why it takes climate change seriously: