Update on China’s Green Investment: EVs in the Fast Lane

Financing for environmental projects and industries continued accelerating this year despite the overall weakness in credit growth and private sector investment. The electric vehicle (EV) value chain was the primary driver of green investment in 2022, and state-owned power companies used green financing tools to expand non-fossil fuel generating capacity. Despite pledges that “new infrastructure” investment would accelerate, government borrowing for these projects slowed so far this year.

Posted November 7, 2022
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