This video from Channel News Asia (7 min) looks at what drives China’s highly successful industrial policy in the green technology sector.
“Sichuan houses the largest clean energy industrial cluster – and it’s a result of industrial policy. Local government officials carefully select 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.”
“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.”
Video segments:
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?
Source: CNA Insider, Mar 8, 2024. https://youtu.be/NoRcP87Lu78