China funnelled $80 billion into overseas cleantech in past year, report says
NeutralFinancial Markets
- China has invested $80 billion in overseas cleantech over the past year, reflecting its commitment to renewable energy and technology. This significant financial move aligns with the country's broader strategy to enhance its global influence in the cleantech sector.
- This investment is crucial for China as it seeks to position itself as a leader in the global transition to sustainable energy, potentially boosting its economic growth and addressing domestic energy demands amid rising power consumption.
- The investment comes at a time when China is also targeting a GDP growth rate of 5% for 2026 to combat deflation and stabilize its economy, highlighting the interconnectedness of its energy strategies and economic objectives.
— via World Pulse Now AI Editorial System
