Top Chinese official says green, high tech development key as nation seeks to spur economy

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A top Communist Party official says China is committed to introducing reforms that will upgrade the technological level of its largely manufacturing-based economy. and generate huge revenues from green technologies that would drive around $1.4 trillion in annual revenues.

Pan Gongsheng, Governor of People’s Bank of China, speaks at a sub forum ahead of the annual Boao Forum held in Boao in southern China’s Hainan province on Wednesday, March 27, 2024.

Zhao told the forum that China’s economy will be good in the long term, the Foreign Ministry cited him as saying.China’s latest EV is a ‘connected’ car from smart phone and electronics maker Xiaomi “We are speeding up efforts to promote green and low-carbon economic and social development, and will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060,” said Zhao, who ranks third in the party hierarchy and has a strong background in managing state industries that make up about a quarter of the economy and help maintain the party’s overwhelming influence over economic, political and cultural life.

 

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