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Author: Low-carbon development is not an abstract concept in a world beset with extreme weather events brought about by climate change. It comes into being against a specific socio-economic background: being at a certain socio-economic development stage, endowed with a certain amount of energy resources and a required level of technological development and innovation.
China is experiencing a weakening of domestic demand and strong headwinds in international trade, therefore it’s all the more pressing that the country should seize the historic opportunity in its low-carbon transformation of industries based on the development of technologies.
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Since early 2018, the health of the Chinese economy has alarmed many around the world, giving rise to concerns that the most powerful engine of global growth is sputtering. But the deceleration has been deliberate on the part of the Chinese government and steadily taking place over the last several years.
