Clean energy exports from China increased by 20% in 2023 to reach more than $150 billion; Which strengthens its dominance over this vital industry globally.

This huge rise is an embodiment of Beijing's vision to reduce energy imports and stimulate the stagnant economy, by supporting key industries such as solar panels, electric cars, and lithium-ion batteries.

There are several factors that have driven this growth: strong government support; The Chinese government provides tremendous support to these industries, which contributes to reducing production costs and improving competitiveness, as well as integrated value chains, as China has integrated value chains for these industries, starting from the extraction of raw materials to manufacturing and distribution, in addition to the speed of innovation, as great efforts are being made. In China to develop new technologies in the field of clean energy; Which enhances its leadership position in this field.

This rapid growth casts a shadow over global markets. Companies in the United States and Europe face increasing challenges as markets are flooded with cheap Chinese products.

The surplus production in China led to a global decline in the prices of solar panels, electric cars, and lithium-ion batteries. Which threatens the profitability of companies in other countries.

Chinese companies are suffering from a fierce price war within the local market. Which reduces the profit margin and threatens the sustainability of some companies.

Some countries, such as the United States, impose restrictions on clean energy imports from China in order to protect domestic industry.

China's booming clean energy industry presents tremendous opportunities for international cooperation and technology transfer.

Chinese companies are expanding their investments in clean energy outside China. Which contributes to spreading these technologies around the world.

Clean energy plays a crucial role in combating climate change, and China is providing effective technical solutions to achieve sustainability goals.