China's economic growth model has achieved great success。For the past 40 years，China to promote exports、Capital Investment and Technology Express as the point，Make about 800 million people get rid of poverty。Recent，China has reduced the cost of global renewable energy and batteries，Miracles have also created in terms of domestic clean energy deployment。Only 2023，China's solar power generation installation capacity exceeds 150 Gava，This is almost half of the global installed capacity。

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Recent，Forecast display of the International Monetary Fund Organization，2024，China's GDP growth rate will remain at about 5%。In the case of economy all over the world，This data fully reflects the bet365 live casino games toughness of China's economy，It also shows that China is actively responding to changes in the economic environment at home and abroad。But，This growth rate is reduced compared with the double -digit increase in people's memory，So some people have questioned whether China's population is four times the domestic GDP in the United States.。Facing questions，The answer given by China in renewable energy is encouraging。China has made a long -term development in this field，promoted the revitalization of upstream and downstream industries and a large number of employment。

From the current point of view，The benefits of growth should be more widely shared，instead of only focusing on the growth itself。As mentioned earlier，China has experienced miraculous growth in the past 40 years，This is obvious to。But China's consumption only accounts for 40%of GDP，Countries far lower than the world's equivalent development level。Affected by factors such as social and cultural，Chinese families will use a lot of income for Bet365 lotto review savings，These income is directly used for domestic investment through the national -led financial system。At the same time，The rise in consumption of the public sector and other policies can also inhibit family consumption and push high investment。

Change of these macroeconomic characteristics，It will help China and the entire world。Slowing the real capital investment speed of real estate will curb carbon emissions and damage to the climate to a certain extent。other，Increase with income，Consumers in China will turn the expenditure to the service industry at a certain percentage。Because the family becomes richer，People will tend to be in health care、Education and hotels spend more，and spend less on carbon -density products，The iron law of this development has been verified all over the world。If China can also stimulate domestic consumption，So the pressure to slow down carbon emissions will become smaller，The Chinese government has coordinated the consistent Bet365 lotto review decarbon effort，The goal of reducing the carbon emissions curve is no longer out of reach。

　　Great victory in carbon reduction

other，With the development of electric vehicles，China has achieved a huge victory in decontamination。The penetration rate of electric vehicles in the country cannot be comparable to any other large economy。As of August 2023，Electric vehicles and hybrid vehicles account for nearly 40%of the Chinese automobile market; Chinese state -owned oil companies prediction，China's oil demand is about to reach the peak，This is mainly due to the promotion of electric vehicles; the International Energy Agency expects global oil demand to reach its peak in 2028。These are miracles created by China in the process of carbon reduction。

pragmatic，Promoting the development of electric vehicles needs to be weighing，Because this will bring further upward pressure to the demand for power。But electric vehicles can help stable power grids that are increasingly supplying power from renewable energy，Playing a vital bet365 best casino games role。Since most cars are in a static state every day，Therefore, electric vehicles can act as spare batteries，The premise is that the necessary "smart grid" investment has been made。

At the same time，Slowing the growth of overall power demand，Gradually eliminating coal power generation and reducing carbon dioxide emissions is still one of the goals of China。The achievement of this goal may be far away，But since the rapid decline in renewable energy and battery costs does not slow，This proves that China already has a prerequisite for exit coal power to exit the power grid，Hope is in front of you。Many policies currently show that China has begun to realize that it is necessary to get rid of investment pull -type growth，Encourage the development of the domestic service industry。The results of these two measures will make economic growth and energy demand growth and the growth of carbon dioxide emissions.。From the perspective of climate，The next chapter of the Chinese economy is about to open。

　　(The author is a professor at the Business School of Columbia University; Assistant Professor of Business School of Columbia University)