Beijing Review

ECONOMY

Clean Energy

As China, the world’s largest market for new energy vehicles (NEVs), maintains sound growth momentum, 60 percent of public buses have been replaced with electric vehicles in the drive for clean energy, up from 20 percent in 2015, Ministry of Ecology and Environment data showed.

In September, overall sales of passenger vehicles gained 8 percent year on year to hit 2.09 million units, while NEV sales surged 67.7 percent to 138,000 units.

The efforts were highlighted as part of a green transport system overhaul during the 13th Five-Year Plan (2016-20) period, which boosted the adoption of more clean energy-powered vehicles and the phasing out of gas-guzzling transport.

China has the world’s largest NEV inventory and accounts for 55 percent of global NEV sales.

To meet the

You’re reading a preview, subscribe to read more.

More from Beijing Review

Beijing Review5 min readWorld
Why China Still Has Room to Grow
The world economy is experiencing what the World Bank calls “the slowest half-decade of GDP growth in 30 years.” As some of China’s key growth catalysts weaken against this backdrop, a few stakeholders in the Western economy have become defeatist and
Beijing Review2 min readIntelligence (AI) & Semantics
The Rise of The Intelligent Economy
As China continues its transition to higher-quality economic development, it is increasing its reliance on new quality productive forces, those driven by innovation and new technologies such as artificial intelligence (AI). In addition to lifting tra
Beijing Review2 min read
Working Weekends to Pay for Holidays
International Workers’ Day is celebrated on May 1 each year, but even though employees around China will be taking a five-day break from Wednesday, May 1, until Sunday, May 5, only one of those days counts as a true day off work. Like many other holi

Related Books & Audiobooks