China poised to earn vast profits from global energy transition: analysts
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Analysts predict Chinese companies are positioned to profit significantly from the global energy transition due to their ability to deploy clean energy solutions at a large scale and low cost. China's extensive domestic rollout of green technologies like wind, solar, electric vehicles, and batteries has provided its firms with the resources and expertise needed by other nations seeking to reduce reliance on fossil fuels. Experts estimate trillions of dollars will be spent on infrastructure development globally to combat climate change in the coming decades. China's clean energy sector generated an estimated $2.1 trillion in economic output last year, demonstrating its capacity to meet global demand. This positions China to capitalize on the infrastructure investment boom.
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