国内英语资讯:Economic Watch: A new epic -- Chinese economy in 2020s_时事

国内英语资讯:Economic Watch: A new epic -- Chinese economy in 2020s

China will ramp up its competitiveness in high value-added manufacturing categories such as information technology, emerging industries and household appliances, said UBS researcher Hou Yankun.

GREENER FOOTPRINT

To tackle environmental challenges, the Chinese government has declared a war on pollution and introduced a series of green initiatives, including cutting overall emissions, reducing coal-fired plants and enhancing enforcement of environmental rules.

China is taking the lead with concrete actions. The proportion of China's clean energy sources in total energy consumption mix continued to rise to 24 percent of the total in 2019, up from 23 percent in 2018. Its carbon dioxide emissions per GDP dropped by 45.8 percent in 2018 from the 2005 level, a stride toward the goal of meeting the emission peak around 2030.

The country's green commitments can grow into enormous opportunities for global investors. Global financial giant Standard Chartered Bank (SCB) expects that China's efforts to meet the 2030 sustainable goals would bring about investment opportunities worth 3 trillion U.S. dollars, taking up about 30 percent of the total global investment value.

Realizing the full coverage of clean water and sanitary facilities in China, for example, will unlock investment potential worth 26.1 billion U.S. dollars for the private sector, SCB noted.

GREATER OPENING-UP

China will continue to shorten the negative list to ease foreign investment off-limits rules and beef up opening-up efforts in pilot free trade zones in 2020, said the National Development and Reform Commission.