Beijing, August 19: A report released by the University of Manchester on August 17 highlights the significant impact of China’s extensive support for green industries. This backing has led to reduced costs for technologies such as batteries, electric vehicles, and solar energy, making them more accessible and playing a crucial role in the global shift towards a low-carbon economy.
The report was prepared by researchers at the university. It emphasizes that China is at the forefront of essential technologies for green energy transformation, including solar power, wind energy, batteries, hydrogen energy, and electric vehicles.
Since the beginning of this century, China has promoted the development of green industries through various measures. This has stimulated domestic demand while lowering the costs and increasing the availability of relevant technologies.
The report argues that China’s industrial growth in green sectors, such as batteries, electric vehicles, and solar energy, is indeed supporting global green transformation.
It recommends that the UK deepen its collaboration with China in the field of green technology. Additionally, it suggests that the UK should leverage its strong position in financial services to support investments in green technology.
(Source: China Media Group, Beijing)
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