China's giant state-owned companies struggle to align climate rhetoric with reality

Ambitious pledges from China's leaders to cut emissions have put its giant, carbon-intensive state corporations under pressure to respond, but they are at risk of falling short amid confused policy signals and other constraints.

When Chinese President Xi Jinping said last September that the world's biggest source of greenhouse gases would slash emissions to "net zero" by 2060, attention turned to China's state-owned enterprises (SOEs)...