China's rapid advancements in renewable energy and battery storage technologies are positioning it as a critical player in shaping a sustainable global future, according to Neo Gim Huay, a World Economic Forum (WEF) managing director. Speaking at the International Forum on Power System Transformation 2025, Huay emphasized that China's progress offers a blueprint for other economies navigating climate challenges.
"China's investments in solar, wind, and grid modernization demonstrate how large-scale innovation can accelerate decarbonization," Huay told CGTN during the forum. The country now leads in both installed renewable capacity and battery production, accounting for over 60% of global solar panel manufacturing and 70% of lithium-ion battery output.
Analysts highlight that this transition aligns with growing demand across Asia, where energy consumption is projected to double by 2050. For investors, China's supply chain dominance creates opportunities in green tech partnerships, while researchers note its experimental carbon markets could inform global policy frameworks.
The developments also resonate with Asia's diaspora communities, as regional collaborations expand. Meanwhile, travelers observe cleaner urban air quality in cities like Shenzhen, where electric vehicles now dominate public transport.
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WEF director: China's energy transition offering hope for the future
cgtn.com