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China's renewable energy (RE) industry has experienced rapid growth in recent years, with the country becoming the world's largest investor, owner, and producer of RE vehicles[1]. Correspondingly, China's exports of renewable energy products (REPs) have also developed rapidly, reaching $83.40 billion in 2016 and accounting for 24.31% of the world's export share[1][2].
However, there are concerns that China's REP exports may be driven by overcapacity in its low-technology products[1]. The export technology structure of China's REPs is deteriorating, with the overall technical level in the middle of the global industrial value chain[1].
China's REP exports are mainly medium-high and medium technical complexity products, with few high technical complexity products[1].
Comparative studies show that China's REP export technology lags behind countries like Denmark, Hong Kong, and Singapore[1]. The technological competition in the world's REPs is becoming increasingly fierce, with South Korea, Japan, and Malaysia's REP technologies growing significantly faster than China's[1].
Citations:
[1] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6121901/
[2] https://www.researchgate.net/publication/327123861_Technology_Evolution_of_China%27s_Export_of_Renewable_Energy_Products
[3] https://d-nb.info/1153062046/34
[4] https://www.jstor.org/stable/26752426
[5] https://www.researchgate.net/publication/376132310_Development_and_Prospects_of_China%27s_Renewable_Energy_Export_Trade_under_the_Belt_and_Road_Policy
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