Tesla CEO Musk breaks ground at Shanghai Gigafactory to launch China push

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SHANGHAI/BEIJING (Reuters) – Tesla Inc (TSLA.O) broke ground on Monday for its Shanghai Gigafactory where it plans to begin making its Model 3 electric vehicles (EV) by year-end, a first step in localizing production in the world’s largest auto market.

At a ceremony at the site of the plant on the outskirts of Shanghai, Chief Executive Elon Musk joined the city’s mayor and other local government officials to formally begin construction of a factory that Tesla has said will cost around $2 billion.

“We think with the resources here we can build the Shanghai Gigafactory in record time and we’re looking forward to hopefully having some initial production of the Model 3 towards the end of this year and achieving volume production next year,” Musk said at the event.

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Soda Tax Will Have Little Impact On Childhood Obesity

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Small increases in the cost of soda will have little impact on children

Small scale increases in the cost of soda likely have little impact on childhood obesity, according to a study published in the journal Health Affairs. Soda taxes have been proposed as a means for fighting obesity by several prominent health researchers, and some public health officials have sparked controversy by advocating for steep taxes on soft drinks to deter consumption. Yet, while previous research has shown that increased cost of soda leads to decreased consumption—a 10% price increase corresponds with an 8% reduction—there has been little analysis of how increased cost actually influences weight, and no analysis of this impact on children, they argue. To remedy that, the team of researchers from the RAND Corporation, the University of Illinois at Chicago and the Institute for Health Research and Policy used current data on state soda taxes and children’s weight to assess the influence of soda tariffs both on consumption and childhood obesity.

 

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China Closes The Clean-Coal Gap With The U.S.

China Closes The Clean-Coal Gap With The U.S. 

 An artist’s concept of China’s first integrated gasification combined cycle (IGCC) plant

China looks set to overtake the United States in the application of technologies to clean up coal-fired power generation, if several proposed projects come to fruition. GreenGen–a joint venture established by Chinese utilities–has broken ground on China’s first integrated gasification combined cycle (IGCC) plant and signed agreements to build two more.

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