Close Menu
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
What's Hot

Why infrastructure now? | J.P. Morgan Private Bank EMEA EN

October 3, 2026

Bitcoin, Ethereum, and Solana ETFs All Saw Outflows on the Last Day of the Quarter. What Happened?

October 3, 2026

Shafaq News..Basrah crude loses over 7% on week

October 3, 2026
Facebook X (Twitter) Instagram
Trending:
  • Why infrastructure now? | J.P. Morgan Private Bank EMEA EN
  • Bitcoin, Ethereum, and Solana ETFs All Saw Outflows on the Last Day of the Quarter. What Happened?
  • Shafaq News..Basrah crude loses over 7% on week
  • IAG on Proving AI Value Before Scaling It
  • Groww’s next growth engine: Monetizing customers beyond equity derivatives
  • Gold, Silver and Bronze: McSharry Claims Full Medal Set at World Cup Stop One – Swim Ireland
  • Commercial Real Estate Is Slamming Into a Trillion-Dollar Wall: Landlords Can’t Escape a Brutal Refinancing Reality
  • GOWell Energy Technology Stock Jumps On Sharp Breakout Move
  • 2026 Cryptocurrency Rankings: What Are the Most Recommended Cryptocurrencies?
  • Should you invest in Nifty 50 equal weight index mutual funds now? This 12-month ratio can help you decide
Saturday, October 3
Facebook X (Twitter) Instagram
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
Aspire Market Guides
Home»Economics»Scholar explains how China balances green transition with economic growth – EnviroNews
Economics

Scholar explains how China balances green transition with economic growth – EnviroNews

By CharlotteJuly 8, 20262 Mins Read
Share
Facebook Twitter Pinterest Email Copy Link


– Advertisement –

China is pursuing a development model that combines economic growth with carbon reduction by encouraging the adoption of new-energy vehicles through a mix of incentives and restrictions on conventional fuel-powered cars, a Chinese scholar said on Wednesday, July 8, 2026.

Speaking during the Global Development Initiative-International Media Youth Training Programme, Xiong Li Li, a professor at the University of International Business and Economics, said the country’s green transition is designed not to slow economic development but to make it more sustainable.

Xiong Li Li, Xiong Li Li,
Xiong Li Li, addressing journalists

Addressing journalists from the Global South countries, Xiong said China has placed increasing emphasis on renewable energy and electric mobility as part of its strategy to achieve economic growth while reducing greenhouse gas emissions.

Using Beijing as an example, he explained that owners of conventional fuel-powered vehicles are prohibited from driving on one weekday each week, depending on the last digit of their license plate.

Drivers who violate the restriction face a 200-yuan fine when captured by traffic cameras.

If they continue driving after four hours and are detected again, they incur another 200-yuan fine, meaning a commuter could pay 400 yuan in a single day.

“For most Chinese people, paying 400 yuan in one day is too expensive,” Xiong said, explaining that the policy encourages motorists to consider new-energy vehicles instead.

He noted that drivers of new-energy vehicles are exempt from the restrictions, allowing them to use their cars every day without facing penalties.

Xiong said the lower cost of electricity compared with gasoline further supports the transition, making electric vehicles significantly cheaper to operate than traditional fuel-powered cars.

“The Chinese government wants to continue economic development while achieving the goal of carbon reduction through the green economy,” he said.

According to Xiong, the combination of regulatory measures, lower operating costs for electric vehicles and continued investment in clean energy demonstrates how China is attempting to balance environmental protection with economic expansion rather than treating the two objectives as competing priorities.

The Global Development Initiative-International Media Youth Training Program is a 10-day exchange that has brought together journalists from developing countries to discuss China’s development experience, economic policies and international cooperation.

By Winston Mwale, AfricaBrief



Source link

Related Posts

Economics

Shafaq News..Basrah crude loses over 7% on week

October 3, 2026
Economics

Firebird economics and your oil furnace

October 3, 2026
Economics

We are determined to achieve double-digit growth while maintaining macroeconomic stability.

October 3, 2026
Economics

Somali president arrives in Egypt for Africa economic forum

October 3, 2026
Economics

Logan: Welcome remarks for the Fifth Annual Workshop on the Macroeconomic Implications of Migration – Forex Factory

October 3, 2026
Economics

Welcome remarks for the Fifth Annual Workshop on the Macroeconomic Implications of Migration

October 3, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Why infrastructure now? | J.P. Morgan Private Bank EMEA EN

October 3, 2026

Bitcoin, Ethereum, and Solana ETFs All Saw Outflows on the Last Day of the Quarter. What Happened?

October 3, 2026

Shafaq News..Basrah crude loses over 7% on week

October 3, 2026

IAG on Proving AI Value Before Scaling It

October 3, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Featured

AI Infrastructure Stocks With Power Access Retail Investors Should Watch

September 19, 2026

Here’s the 1 Crypto I’d Buy If I Could Pick Only One

August 9, 2026

Behavioral Economics in Education Market Design: A Forward-Looking Review

July 30, 2026
Monthly Featured

USDA advances reorganization and restructuring of the Research, Education, and Economics Mission Area – Biomass Magazine

April 27, 2026

Individuals still hold the most Bitcoin

August 4, 2026

John Weymark Delivers Keynote Address in Shanghai | Department of Economics

April 27, 2026
Latest Posts

Why infrastructure now? | J.P. Morgan Private Bank EMEA EN

October 3, 2026

Bitcoin, Ethereum, and Solana ETFs All Saw Outflows on the Last Day of the Quarter. What Happened?

October 3, 2026

Shafaq News..Basrah crude loses over 7% on week

October 3, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Aspire Market Guides.
  • Contact us
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.