China RE Slow Down Will Have Global Repercussions

Pieter E. Stek, Senior Lecturer, Asia School of Business

12-Feb-25 07:30

China RE Slow Down Will Have Global Repercussions

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China's top economic planning agency said on Sunday it was taking steps to scale back subsidies for renewable energy (RE) projects after a boom in solar and wind power installations. This announcement came after China broke its own records for new solar installations in 2024, and meeting targets that were meant for 2030. Pieter E. Stek, Senior Lecturer at the Asia School of Business explains what this pullback in subsidies for the Chinese RE sector means for industry players and global supply chains.

Image Credit: Shutterstock.com

Produced by: Jake Lim

Presented by: Wong Shou Ning, Philip See

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Categories: economy, technology, politics, international, government, environment, Law/Activism

Tags: renewable energy, solar power, wind power, china economy, government subsidies, markets, investing,

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