Reuters: China Invests $80 Billion in Overseas Clean Tech
Chinese firms invested roughly $80 billion in foreign clean tech projects in the past year, aiming to offset a domestic surplus. This brings their total overseas green tech investment since 2023 to over $180 billion, focusing on developing regions, especially Southeast Asia, to expand markets for their renewable energy, EVs, and battery technologies.
Key takeaways
- A recent report by Climate Energy Finance indicates that Chinese companies invested approximately $80 billion in overseas clean technology ventures over the past year to mitigate a domestic supply surplus
- This investment raises China's total overseas direct investment in green technology to over $180 billion since the start of 2023
- Leveraging its dominance in global supply chains, China is strategically channeling these investments, primarily to developing regions, with Southeast Asia as the leading recipient
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