China's renewables tech cuts costs

Large production capacity helping lower global green transition burden

China's large-scale production of solar panels and electric vehicles has not only lowered costs but has also made green technology more accessible globally, industry insiders said.

The nation's optimum production capacity has helped other countries and regions reduce their burden in terms of production costs and technological development, said Ma Yinqiong, a senior analyst covering metals and materials supply chain at global consultancy Rystad Energy.

"In the process of promoting the development of green energy globally, China is providing more choices to the global market and giving everyone equal opportunities to use green energy," Ma said.