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China Delays Carbon Market Expansion on Data Problems: Caijing

China will postpone expanding its carbon market to include more industries as it tries to resolve data quality issues, Caijing reported without citing its sources. 

Building materials, nonferrous metals and steel industry companies will only begin having their emissions monitored in 2023 and will not participate in trading until 2025, the Beijing-based financial magazine said. Those industries had been expected to be included as soon as this year, although a key designer of the market had already flagged potential delays.