The Ministry of Industry and Information Technology (MIIT) recently released a special policy, explicitly encouraging advantageous industries such as photovoltaics, wind power, lithium batteries, and new energy vehicles to expand into the “Belt and Road” green energy market. It proposes to promote the systematic export of China’s green solutions by leveraging technology, manufacturing, and supply chains. The policy establishes green and low-carbon development as the core keynote of “new-type industrialization” and sets multiple quantitative development goals for 2035 for the first time.

According to the policy plan, by 2035, the proportion of non-fossil energy consumption in China will exceed 30%, and the total installed capacity of wind and solar power should reach six times that of 2020, striving to achieve 3.6 billion kilowatts. New energy vehicles will become the mainstream in automobile sales, and the national carbon market will fully cover major high-emission industries. Domestically, efforts will continue to strengthen the construction of green factories, parks, and supply chains; internationally, the focus will be on encouraging investment in green energy projects and infrastructure export.

Policy dividends have already emerged in the capital market. On December 1, among the Nasdaq Golden Dragon China Index, new energy-related Chinese concept stocks showed mixed performance, but photovoltaic enterprise Canadian Solar led the gains. Institutional analysis points out that the policy will drive the integrated export of green industry technologies, equipment, standards, and finance. Particularly in the “Belt and Road” markets such as Southeast Asia and the Middle East, the full industrial chain advantages of Chinese enterprises will become more prominent, which is a long-term positive for segments including wind and solar power generation equipment and power batteries.