This is good news. Maybe!
We definitely need to make progress at the macro-political and macro-economic level and it is very clear that the United States of America is not going to lead in any sensible way. So this is a step in what is I hope a sensible direction. China is huge so what they do matters and maybe leadership from Europe and China combined will spark the change. My nervousness stems from my respect for democracy and human rights, China does not have the deep respect for these and that is a danger. I think it is sad that the USA is missing this chance to lead – and to make jobs and money.