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China has emerged as the global leader in clean technology, making significant strides in renewable energy technology, manufacturing, domestic deployments and exports. Over the past 15 years, the country has shifted from being a low renewable energy producer to dominating the clean tech sector, investing heavily in solar, wind, and electric vehicle manufacturing. This has led to a dramatic reduction in prices, benefiting global consumers. China’s investments in the Global South, such as Indonesia and Southeast Asia, are not just about exports but also fostering energy security and self-sufficiency, plus accelerating global decarbonisation.
The audio clip from Money FM 89.3’s Money Matters segment with Hongbin Jeong is available for registered users at Awedio.