Technicians check solar panels in Huaibei, East China's Anhui province. WAN SHANCHAO/FOR CHINA DAILY
China's rapidly expanding green power sector is expected to provide crucial support for the global energy transition, as the country leads the world with advanced solar technology, massive manufacturing capacity and formidable export capabilities, said a leading economist.
Fan Gang, vice-president of the China Society of Economic Reform, described the new energy sector as a highly promising sunrise industry for the nation, adding that China's advanced photovoltaic technologies, massive industrial capacity and strong export performance give the nation an unprecedented advantage in guiding and supporting the global clean energy transition.
Over the next five to 10 years, the global push for clean energy — particularly solar power — will become increasingly urgent, Fan said.
He pointed out that if conflicts in the Middle East persist, the risks of surging oil prices and supply disruptions will intensify. Coupled with the skyrocketing electricity demand driven by the artificial intelligence industry, the shift toward renewables has never been more urgent.
