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Top legislator: China’s green development aims for 10-trillion-yuan market annually

China’s top legislator stated on Thursday that China’s green and low-carbon development will generate a significant increase in economic growth and cultivate a 10-trillion-yuan (about 1.4 trillion U.S. dollars) market for investment and consumption annually.

Zhao Leji, chairman of the National People’s Congress Standing Committee, made these remarks in a keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024. China will adhere to green development, Zhao said, emphasizing that green is the defining feature of China’s high-quality development.

He also mentioned that nearly half of the world’s installed photovoltaic power generation capacity is in China, more than half of the world’s new energy vehicles are driven in China, and a quarter of the world’s growth in new forested areas is from China.”

We are accelerating 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,” Zhao concluded.

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