International outfits the international community for China's new energy industry to continue to provide high-quality production capacity – "helping to accelerate the global transition to clean energy"

People's Daily (2024-04-26 Edition 06)

In recent years, China's new energy industry has developed rapidly, and relevant international cooperation has been accelerated. Foreign experts and scholars interviewed by this reporter said that the advantages of China's new energy industry are shaped through full market competition. China's new energy industry continues to provide high-quality production capacity and make important contributions to global green development.

"China's capacity development should be viewed from a market perspective and a global perspective"

In January this year, Malaysian Parliamentarian Lee Kin Cong, chairman of the Institute for Regional Strategy, visited China, during which he visited high-tech enterprises in the fields of new energy, communications, virtual reality, satellite technology and artificial intelligence. He was impressed by China's performance in the field of scientific and technological innovation. "China has always been committed to the energy transition and promoting green and sustainable development. "China's cutting-edge technologies in fields such as solar and wind energy not only support China's own economic transformation, but also set an example for the sustainable use of global energy." ”

"China's focus on accelerating the development of new quality productivity and promoting high-quality development will further enhance China's economic growth momentum. José Ricardo Luz, Jr., CEO of the Brazilian Business Leaders Organization in China, said, "The growing popularity of China's new energy products in the international market is the result of full competition in the market. Products with higher technology content, more humanized design, and more low-carbon and environmentally friendly products stand out, and ultimately benefit consumers. ”

Citing the new energy vehicle industry as an example, Luce said that China's new energy vehicle exports not only bring tangible benefits to car consumers from all over the world, but also help promote the development of a low-carbon economy. "The key to the prosperity of the world economy is to break down trade protectionism, give full play to the comparative advantages of different countries and regions, and jointly promote economic and social development through mutual cooperation," Luce said. ”

Cai Weicai, senior vice president of Thailand's Kasikornbank, said that at present, there is a large global demand for new energy products, and Chinese enterprises have accumulated advantages in related fields through active innovation and research and development, control production costs, and plan production capacity based on market demand. In a country with a fast-growing economy, when market demand arises, it will attract a lot of investment to meet market demand.

Dennis Simon, a distinguished researcher at the Center for China-American Studies, said that China's economic growth is shifting from investment-driven to consumption-driven, which will promote new energy and other industries to improve the efficiency of capital allocation and achieve rapid growth.

"China's capacity development should be viewed from a market perspective and a global perspective. Tang Zhimin, director of the China-ASEAN Research Center of Thailand's Chia Tai School of Management, said that from the perspective of market supply and demand, production capacity has ups and downs in some industries and at different time nodes, which is the normal performance of market competition to regulate supply and demand; From a global perspective, China is an open market integrated into global trade, and China's multinational enterprises allocate production and sales globally, which is in line with the global green development needs.

"Contributing positively to global sustainable development"

According to the International Energy Agency report, China will contribute more than half of the new installed capacity of renewable energy in the world by 510 million kilowatts in 2023, making a huge contribution to the growth of global renewable energy power generation. China's wind power and photovoltaic products have been exported to more than 200 countries and regions around the world, helping relevant countries and regions obtain clean, reliable and affordable energy.

According to the International Renewable Energy Agency (IRENA), the average LCOE of wind and photovoltaic power projects has fallen by more than 60% and 80% respectively in the past 10 years, thanks to China's innovation, China's manufacturing and China's engineering.

According to Simon, the sheer size of China's new energy industry is partly due to the cost efficiency advantages that are difficult to replicate in other countries and the support of an increasingly sophisticated supply chain ecosystem. The continuous technological innovation of the new energy industry has also enabled China to achieve greater development achievements in this field. The advantages established in the field of clean energy technology not only make China a leader in the global clean energy revolution, but also reduce the cost of green technologies such as lithium batteries and photovoltaic products, make renewable energy more accessible to other countries, and "help accelerate the global transition to clean energy and make a positive contribution to global sustainable development."

In recent years, ASEAN countries have actively promoted the electrification of automobiles, and the consumer demand for new energy vehicles has continued to rise, making ASEAN one of the important destinations for China's new energy vehicle exports. "China's new energy vehicles in the ASEAN, especially in Thailand market, are outstanding, and their significant competitive advantages mainly come from continuous and rapid technology and product iteration, which is behind China's open market environment, human resources and super-large-scale market advantages, as well as the support of a perfect production and supply chain system for innovation. Tang Zhimin said that Chinese car companies not only bring high-quality and affordable products to Thai consumers, but also promote the development and transformation of Thailand's automobile industry, stimulate investment and employment, and drive Thailand's economic development.

"In the face of the urgent goal of low-carbon development of the global economy, collaborative innovation is the fastest way"

In Indonesia, the Chirata floating photovoltaic project undertaken by a Chinese enterprise has successfully achieved full-capacity grid-connected power generation, which is expected to provide clean electricity for about 50,000 households. In Uganda, the last unit of the Karuma Hydropower Project built by a Chinese enterprise will be connected to the grid, which will reduce carbon emissions by 3.48 million tons per year, equivalent to planting 1.5 million trees. In Brazil, Chinese automaker BYD is building a large-scale production base complex that will create more than 5,000 new jobs...... In recent years, China has promoted cooperation in the clean energy industry chain in an orderly manner, built a new win-win model for green and low-carbon energy transformation, deepened international cooperation in new energy technology innovation, and promoted common development and prosperity while helping other countries achieve carbon reduction goals.

In recent years, China has implemented hundreds of clean energy power generation and grid projects in Africa, and has achieved a series of landmark results. Denis Munene, executive director of the China-Africa Center of the Kenya Africa Policy Institute, said that the Garissa 50-megawatt photovoltaic power station, the largest photovoltaic power station in East Africa, built by a Chinese company, as an example, said that the photovoltaic power station, which was officially put into operation in 2019, has an average annual power generation capacity of more than 76 million kilowatt hours, which can meet the electricity needs of more than 380,000 people in 70,000 households. "The cooperation between Africa and China in the field of clean energy has not only increased local power supply and improved energy security, but also contributed to the fight against climate change in Africa and the world," he said. ”

In December last year, the first battery product of Gotion Hi-Tech's Thailand factory, a joint venture between Chinese power battery company Gotion Hi-Tech and Thailand, was officially rolled off the assembly line in Siam Oriental Industrial Park, Rayong Province, Thailand. Odaphorn, president and CEO of PetroThailand, the joint venture of the plant, said that through the joint venture with Gotion Hi-Tech, the group has introduced advanced battery technology and can accelerate the realization of its goals in the new energy vehicle value chain and clean energy industry.

Luigi Gambardella, President of the China-Europe Digital Association, believes that China will contribute to strengthening the resilience of the global economy by encouraging the development of emerging industries such as the digital economy, smart manufacturing and sustainable energy. This is not only conducive to China's economic and social development, but also creates a good atmosphere for cooperation in global technological progress.

"In the face of the urgent goal of low-carbon development of the global economy, collaborative innovation is the fastest way. Burrows, secretary general of the World Association of Industrial Technology Research Organizations, said that the association maintains close cooperation with the Jiangsu Industrial Technology Research Institute. "Our association is committed to connecting local innovation with global markets in terms of sustainability. China has rich experience in green industries and development, and is an important partner for us. In the future, we will continue to work closely with China to bring more opportunities to the world." Burrows said.

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