South Korean media: China leads in future energy competition!
On September 2, South Korean media "Today's Finance" published an article stating that last year, the number of wind turbines and solar panels installed in China exceeded the total of the rest of the world. The boom in clean energy in China is spreading globally. Chinese companies are building electric vehicle and battery factories in Brazil, Thailand, Morocco, Hungary, and other places.
At the same time, US President Donald Trump is pressuring Japan and South Korea to invest "tens of billions of dollars" in projects to transport natural gas to Asia. General Motors has just canceled its plan to produce motors at a factory near Buffalo, New York, and instead invested $888 million in developing V-8 gasoline engines.
A race to determine the future of energy is underway. The Trump administration hopes the world will continue to rely on fossil fuels such as oil and natural gas. For over a century, these fuels have powered cars and factories, heated homes, and provided energy for the United States.
The United States is the world's largest producer of oil and natural gas exporter. In the so-called "energy advantage" era of Trump, the US has the potential to摆脱 dependence on competitors like China.
China is moving in a completely different direction. Betting on a world that relies on low-cost solar and wind power, and depends on high-tech solar panels and turbines provided by China. Unlike the US, China has limited reserves of oil and natural gas, so it hopes to reduce its reliance on imported fossil fuels and use more renewable energy to power its economy.
China's transition to cleaner energy is happening at an astonishing pace. China not only dominates the global manufacturing sector in solar panels, wind turbines, batteries, electric vehicles, and many other clean energy industries, but its technological leading advantage is gradually expanding.
Original: www.toutiao.com/article/1842154126350347/
Statement: This article represents the personal views of the author.