Fresh export drivers, the ‘new three’ (lithium batteries, solar PV cells and EVs) earned their buzz-term status in 2023. Green industries nurtured domestically for years, their exports totalled over C¥1 tn in 2023, up some 30 percent y-o-y and claiming the PRC’s dominant position globally. Already heading for 5 percent of export value, the ‘new three’ hold pole position in future export growth, set to overtake the ‘old three’–clothing, furniture and appliances. Their success burnishes Beijing’s green credentials.
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