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The “China’s Future in Low Carbon and Clean Energy Industry Expansion” report has been added to ResearchAndMarkets.com’s offering.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.

In the coming years, low-carbon industry developments will set the economic and business agenda in China and other major economies as climate change becomes more severe in its effects.

The renewable energy and NEV industries will see an accelerated shift in investment activities. Renewable energy and electric mobility are among the most effective tools in the fight against climate change, and more countries are in a joint effort to mature these industries.

Therefore, there will be more room for renewable energy companies to expand their business overseas – especially for Chinese companies as they manufacture renewable energy products way cheaper and in a mass scale due to the economies of scale, government support and experience. Chinese NEV manufacturers also have the same advantage as renewable energy companies in terms of attracting overseas consumers with lower prices.

As a result, this report will look at China’s current policy ground and emerging private sector investments for a greener development, with 15 + 1 key studies from various companies in renewable energy and the NEV sector. Furthermore, it will lay out the China-specific opportunities & challenges in these sectors as well as providing key insights for investors and market watchers.
China stands to benefit significantly by transforming its pattern of economic activity towards low-carbon development pathways. Such a transformation is not only important in preventing climate change and increasing energy efficiency, but it is also important to capitalize on new growth opportunities as a supplier that can help satisfy the increasing global demand for low carbon technologies -solar panels, wind turbines and electric vehicles (EV).
Health crises, the limits of old economic models and energy security are the drivers of China’s low-carbon industry expansion, especially the renewable energy sector and the new energy vehicle sector.
The key studies represented in this report shows that government incentives and subsidies played a key role in developing these sectors. Thanks to these policies and subsidies, the country is in a leading position when it comes to renewable energy output and has also established itself as a market leader in other related technologies, like electric storage systems.
However, as renewable energy prices have fallen, renewable subsidies are being phased out. Previously subsidies were provided as to make renewable energy cheaper and competitive against traditional means of energy production. Another reason is the impact of the US-China trade war on China’s economy. Now, the government is stricter on its spending and subsidy policies. As a result, wind and solar facilities must now compete directly at auction with other forms of power generation.
Considering this situation, there are various challenges and opportunities for these sectors. Challenges include a highly competitive domestic market, possible subsidy cuts, slowing global demand, the USChina trade war and technological developments that the Chinese industry seems to be following from behind. NEV manufacturers are also facing the same challenges.

The company, affiliated with online retail giant Alibaba, says it will sell shares in Hong Kong and Shanghai.The announcement comes amid rising tensions as the Trump administration cracks down on Chinese firms.
While many in the West won’t have heard of Ant, it is best known in China for the mobile payments powerhouse Alipay.To get more news about chinese industry and management practice, you can visit acem.sjtu.edu.cn official website.
What is Ant Group?
Headquartered in the Chinese city of Hangzhou, Ant was launched in 2004 by e-commerce giant Alibaba and its founder Jack Ma.
Since then Alipay has become China’s dominant mobile payments business.
Along with mobile payments, more than 700m people a month and 80m businesses use the service to pay bills, buy insurance and invest in mutual funds.
Meanwhile Alibaba, which owns a 33% stake in Ant, is increasingly folding its services into the Alipay app.David Dai, senior analyst at asset managers Bernstein in Hong Kong, told the BBC why the company is such a major player in China’s digital payments industry.
“Together with Tencent, Ant processes some 200 trillion RMB (£22.5tn; $28.8tn) of payment and transfers annually. That’s more volume than Visa and Mastercard combined.”
But, according to the company’s own online profile, it’s not size that matters but longevity: “We do not pursue size or power; we aspire to be a good company that will last for 102 years.”
How big could the share sale be?
While Ant’s announcement didn’t reveal its valuation of the company or how much it plans to raise in its stock market debut, analysts see the firm being worth as much as $300bn. That would give it a valuation higher than many of America’s biggest banks.
“I expect Ant to get to a $250bn to $300bn market capitalisation. Compare that with Citigroup which I believe is a little above $100bn. The world’s largest financial Institutions are now in China,” Shaun Rein from China Market Research Group told the BBC.
With the company expected to sell shares equating to a stake of between 10% and 15%, it could be the biggest Initial Public Offering (IPO) in history.
“Ant will raise around $30bn and I think will be the world’s largest IPO ever, beating out Saudi Arabia’s Aramco from last year that went public just north of $29bn,” Mr Rein added.Ant Group plans to make its market debut on the Shanghai Stock Exchange’s Star board, which is seen as the Chinese equivalent of America’s Nasdaq, and the Hong Kong Stock Exchange.
While the company has not said why it picked those stock exchanges, it is notable that it did not choose to list in the US or one of the major European financial centres.
The announcement came at a time of rising tensions between Beijing and Washington over a range of issues including China’s handling of the coronavirus pandemic, the Hong Kong security law and their ongoing trade dispute.
The Trump administration has recently increased its attacks on Chinese technology companies in the US as the president signed two executive orders to ban video-sharing app TikTok and messaging platform WeChat.
Bao Vu, investment director at RE Lee Capital, told the BBC why Ant choosing Shanghai and Hong Kong is a major win for China’s financial services industry: “The location of the listing is very important to China’s ambition to have an alternative to the US exchanges.”

Chinese health authority said on Sunday (10 May) that it received report of 14 new confirmed COVID-19 cases on the Chinese mainland on Saturday, of which two were imported cases reported in Shanghai.To get more shanghai coronavirus cases, you can visit shine news official website.

Twelve cases were domestically transmitted, with 11 reported in Jilin Province and the other one in Hubei Province, the National Health Commission said in a daily report, Xinhua reported.

One new suspected case imported from abroad was reported in the Inner Mongolia Autonomous Region.

No deaths were reported Saturday on the mainland, according to the commission.

On Saturday, 74 people were discharged from hospitals after recovery, while the number of severe cases decreased by two to 13.

As of Saturday, the overall confirmed cases on the mainland had reached 82,901, including 148 patients who were still being treated, and 78,120 people who had been discharged after recovery.

Altogether 4,633 people had died of the disease, the commission said.

By Saturday, the mainland had reported a total of 1,683 imported cases. Of the cases, 1,568 had been discharged from hospitals after recovery, and 115 remained hospitalised with three in severe conditions. No deaths from the imported cases had been reported.

The commission said four people, all from overseas, were still suspected of being infected with the virus.

According to the commission, 5,840 close contacts were still under medical observation after 427 people were discharged from medical observation on Saturday.

Also on Saturday, 20 new asymptomatic cases were reported on the mainland. One case was re-categorised as a confirmed case, and 61 asymptomatic cases, including 16 from overseas, were discharged from medical observation, according to the commission.

The commission said 794 asymptomatic cases, including 48 from overseas, were still under medical observation.

By Saturday, 1,044 confirmed cases including four deaths had been reported in the Hong Kong Special Administrative Region (SAR), 45 confirmed cases in the Macao SAR, and 440 in Taiwan including six deaths.

A total of 967 patients in Hong Kong, 40 in Macao, and 361 in Taiwan had been discharged from hospitals after recovery.

The pandemic is causing “an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region,” said Aaditya Mattoo, World Bank chief economist for East Asia and the Pacific.To get more economy news today, you can visit shine news official website.

Even in the best-case scenario, the region will see a sharp drop in growth, with China’s expansion slowing to 2.3 percent from 6.1 percent in 2019, according to a report on the pandemic’s impact on the region.

With two-fifths of the world’s population under some form of lockdown that’s caused the shuttering of businesses and a slowdown in transportation to try to contain the virus, the country where the outbreak originated may escape a recession but will nonetheless suffer a sharp slowdown.

Just two months ago, the World Bank’s economists forecast China would grow by 5.9 percent this year, which would have been its worst performance since 1990.

Now the world’s second-largest economy faces a more dire outlook, reflected in the record contraction in manufacturing activity in February and industrial production that fell for the first time in 30 years.

The East Asia and Pacific region, excluding China, could see growth slow to 1.3 percent in the baseline or contract 2.8 percent in the more pessimistic scenario as compared to 5.8 percent last year, the report said.

“The pandemic is profoundly affecting the region’s economies, but the depth and duration of the shock are unusually uncertain,” the report said, noting the region already was unsettled by trade conflict with the United States.

“Containment of the pandemic would allow recovery, but the risk of durable financial stress is high even beyond 2020,” the World Bank warned. “Most vulnerable are countries that rely heavily on trade, tourism, and commodities; that are heavily indebted; and that rely on volatile financial flows.”Even in the best case, marked by a sharp slowdown followed by a strong recovery, 24 million fewer people in the region will escape poverty, the report said.

But an additional 11 million people could descend into poverty under the more negative outlook, where there is a severe economic contraction followed by a sluggish recovery.

Mattoo said the 17 countries in the region key to global value chains and accounting for 70 percent of world trade “have all been affected” and now have some of the world’s highest numbers of COVID-19 cases.

“In this interdependent world where our economic destinies are intertwined, there’s going to be mutual amplification, because the shock is simultaneously affecting all these important countries,” he told reporters.The World Bank called for strong action, with the priority first on containment but also on measures to cushion the shock to households of lost wages.

Mattoo said it is not too late to follow Korea’s example to ramp up testing and containment so that economies can begin to return to normal more quickly.

A total of 105 scenic spots, art galleries, museums and memorials across Shanghai have taken special measures to meet the growing demand for nighttime leisure from both Shanghai residents and tourists from around the world, according to the municipal culture and tourism bureau.To get more Shanghai economy news, you can visit shine news official website.

The city unveiled a list of cultural activities and tour routes to boost its nighttime economy on Thursday.

Parks and spots including Shanghai Ocean Aquarium and Shanghai Jinjiang Action Park have extended their business hours, while destinations such as Shanghai Oriental Pearl Tower, Shanghai Wildlife Park and Shanghai Happy Valley have presented special late shows or night-tour programs.Museums including the Shanghai Museum and the Shanghai Natural History Museum have launched special nighttime exhibitions, lectures and exploration activities.

Most of the nighttime tours and activities should be booked online so as to monitor and control the flow of visitors and ensure a safe and enjoyable experience for all.

The municipality rolled out a guideline to boost the nighttime economy earlier this year.Shanghai will encourage more cultural and tourism sites to launch nighttime activities and upgrade the overall service capacity for the nighttime economy, said the city’s authorities.