How China’s Industrial Policy Accelerated Its Green Tech Economy's Growth

Sichuan houses the largest clean energy industrial cluster - and it’s a result of industrial policy.

Local government officials carefully selects the companies to complement the industrial chain, creating an ‘assembly line’ where an upstream company’s products will feed into a downstream company’s needs in a neighbouring city.

00:00 World’s largest hybrid solar-hydro plant
01:23 Impact of China's industrial policy
03:32 Creating an ‘assembly line’ across Sichuan’s cities
04:14 Linking supply chain networks in China
05:20 Can Western countries de-risk from China’s green tech?

China’s clean energy sector was biggest driver of 2023 GDP growth. By one calculation, the industry's contribution to the Chinese economy rose 30% year-on-year to 11.4 trillion yuan (US$1.6 trillion) in 2023.

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[directxxxx]

1:57 CATL doesn't supply BYD, BYD uses its won battery and they are the number 2 biggest battery producer in the world just next to CATL.

[jin_asap]

China's GREEN energy production is 60% of US TOTAL energy production

[sevenhenson]

This is the advantage of good central planning for base infrastructure geared for economic development. Compared to scattered n reactive approach of the US capitalist approach, this is way more efficient n effective. Good infrastructure eliminates most unnecessary roadblocks for entities to focus their efforts on innovation in their fields. US will find it hard to catch up

[herryso]

Good to know, but many western and Indian will not like any such development in China.
May be better not to disclose what China has. Too many bad actors full of jealousy.

[kyawkyawaung]

Next it target by US gov. Call national security treat 😃

[theneObserver]

Do you really think the west cares about climate or other countries?

[BobQuigley]

Prof Quay is spot on. Time to dump ego pride nationalism and flags. We face civilization threatening situations that requires diplomacy statesmanship negotiations pragmatism compromise.

[ZebraFacts]

We, (every country) should always seek to be friendly with each other. That said. There should also be equality in the manufacturing of all consumable products and services. This would even out the needs of each countries citizesns to work and earn a sustainable income.

[lokesh]

Renewable Energy Integration with the Main Grid drives the Green Economy and decarbonization of the Economy.

[markosmataasii]

It's not just environment but also beneficial to CHINA where power demand keeps growing and domestic production of fossil fuels such as oil and gas can't keep up and rely more on imports which is very dangerous and vulnerable as country seeks for energy security and independence. It will also drive down the cost as industrial supply chain is domesticated and can be source out from inside the country rather than relying on imports. It will create more jobs as well.

[musafawundu]

The EU rules with regards to manufacturers of batteries needing to ascertain their carbon footprint is about to be irrelevant as far as Chinese manufacturers are concerned, because Chinese battery manufacturers are about to, if they already haven't already, face high tariffs in the name of industry protection and alleged "unfair advantage"...

[RolandKaos]

I expect this video to age like a fine vintage vinegar

[hscruli]

The core is cost of industry lower than west

[richiesd]

Here in USA, we don’t want the government to pick winners and losers. Government is very inefficient.

[manimalworks]

Hmm, your report is basically saying their governance system is better?!

[kensai]

Proceed to increase EV tarrifs by 400%

[happymelon]

culture different, create different behavior
U$A American football competition is to dominate/ 00ccupy.
China table tennis competition is to improve skill together.

[tengchuankhoo]

CATL is often pronounced like "cattle"

[ZLL]

“derisk” is the stupidest word i ever heard.

[ArabicReja]

As of 2022, China 🇨🇳 was by far the world's largest *coal* consumer with 55% of energy use, an increase of 2% of the total energy from the year before.
So China is accelerating the use of coal despite it having signed the Paris agreement.