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China Announces Major Green Economic Policy: Green Energy, EVs, Charging Network, Electrification

Beijing, China – The Chinese government has today announced a range of major policies that will see the nation invest in electrification of the economy, building new green energy sources, new infrastructure for EVs and more efficient domestic consumption practices.

China’s National Development and Reform Commission said China would rapidly work toward a more efficient economy and boost consumption – in order to maintain strong economic growth.

The policy announcements are fantastic news for the growth of electric vehicles on China’s roads, electrification of households, green energy power sources, and infrastructure spending in rural and regional China.

In the press conference, Beijing outlined a number of major focus areas which should be bullish for stocks around the world, including green energy providers (renewables, nuclear), electrification infrastructure (copper, iron ore), electronics (rare earth elements, tin), critical and battery minerals (lithium, nickel, graphite) and electric vehicle sales (global EV makers).

Key announcements were made Friday in Beijing.

Automotive Sector and Electric Vehicles:

  • Encourage automotive companies to develop more efficient vehicles
  • Encourage the cost reductions and uptake of EVs (tax breaks)
  • Boosting infrastructure around China for EVs (including charging networks).
  • Introducing EVs to China’s government sector fleets.

Electrification

  • New policy includes significant investments in the electrification of the Chinese economy, including; 
  • Infrastructure for rural and regional areas of China.
  • Boosting consumption of electronics products in Chinese households.
  • Boosting the consumption of new-age electronics, including electronics with AI integration. 
  • Support for Chinese households to replace old energy-inefficient appliances in the home.

Green Energy

Boosting funding for green energy sources, particularly in rural areas, which may include major investments in renewable energy sources and nuclear power.

The NDRC said specific policy details will be released soon.

Key Chinese markets rose on the news Friday, July 21.

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