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                China had installed wind power capacity of 185 GW by 2018
                wang.c.s  2019.09.27



                When green finance was first proposed, some were concerned about its potential drag on the economy and employment, especially on heavy industries. However, green finance has proven to be an important driver of economic growth and transformation. Statistics show that green credit and bonds in China have mainly channeled investments into green transportation, renewable and clean energy, as well as energy and water conservation projects. These have provided significant support to energy conservation and environmental protection, renewable energy and alternative fuel vehicles.

                By the end of 2018, China had boosted its installed wind power capacity by 185 GW and its installed photovoltaic capacity by 176 GW, which are four and 200 times larger than their respective capacities in 2010. Between 2013 and 2018, China's production of alternative fuel vehicles grew from 17,000 to 1.25 million, an annual growth rate of nearly 400 percent.

                Industry and Information Technology Minister Miao Wei said in a speech in January that alternative fuel vehicles had received an overall investment of over 2 trillion yuan spread across their supply chain.

                Thanks to green finance, China has become a global leader in renewable energy, high-speed rail and electric cars. According to a report by Bloomberg New Energy Finance, the costs of photovoltaic (PV) systems have fallen by over 85 percent since 2010. China is also one of the biggest producers of PV systems and home to one of the largest installed PV capacity.
                 
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                HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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