Part 6/8:
In 2023, green technologies became a leading driver of China's economic growth, accounting for approximately 40% of GDP growth. With generous government subsidies bolstering the development of greener technologies, Chinese companies have established themselves as innovators in wind turbines and electric vehicle batteries. However, these subsidies have come with substantial costs and ongoing political support, as the cancellation of such financial backing in other countries has previously led to the downfall of nascent industries.