How China’s Industrial Policy Accelerated Its Green Tech Economy’s Growth
Sichuan houses the largest clean energy industrial cluster - and it’s a result of industrial policy.
Local government officials carefully selects 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.
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?
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.
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