China Invests $80 Billion in Overseas Cleantech Amid U.S. Tariffs
Chinese firms have invested approximately $80 billion in clean technology projects overseas over the past year, according to a report by Climate Energy Finance. This investment surge is partly a response to U.S. tariffs, which have affected solar manufacturing investments in Southeast Asia. Instead, Chinese companies have focused on renewable power, electric vehicles, and battery projects in regions like the Middle East and North Africa. These investments are part of China's strategy to address a supply glut in green technology products by finding new markets.