In its usual mode of “under-promising and over-delivering,” China’s leadership insists that carbon emissions have not yet peaked. After all, energy is a large - but not the only - contributor to carbon emissions. China’s urbanization goals, which would have 60 percent of the nation’s people living in cities by 2020, could lead to emissions increases of as much as 25 percent. Simple back-of-the-envelope calculations using China’s official statistics and Premier Li’s Work Report confirm the Chinese government’s stance (Figure 1). From Premier Li’s Work report, GDP increased 6.9 percent and carbon intensity (CO2 emissions per unit GDP) decreased 6 percent from 2014 to 2015. A simple calculation shows during the 12th Five-Year Plan that CO2 emissions grew at a rate of 0.486% from 2014 to 2015. While carbon intensity decreased from 2011-2015, carbon emissions grew, albeit at a slower rate.