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China: Will the ‘New Three’ industries prove an economic game-changer?

with Louise Loo | Online | February 2, 2024

A step-up in decarbonisation efforts has boosted growth in the new industries of electric vehicles, batteries, and renewables in China. To what extent are these proving to be the economy's new growth drivers? What can authorities do about the risk of overcapacity? Can these industries offset the macro drag from a shrinking housing sector?

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