China makes cheap green products – level 3
23-04-2024 07:00
China’s economy outperformed predictions and it grew by 5.3% in early 2024, thanks to its emphasis on green manufacturing.
Investments in advanced products like electric vehicles, batteries, and solar panels have been boosted thanks to high demand worldwide. However, this success has led to tensions with the West. Reliance on Chinese technology is crucial for achieving environmental goals. The US and EU claim China unfairly supports its industries and floods markets with affordable green goods. This situation raises concerns about fair competition and trade practices.
In China, the economic shift has left some workers struggling to find new jobs. As China’s influence in green technology grows, the global community faces challenges in balancing economic growth with environmental sustainability.
Difficult words: outperform (to perform or do better than someone or something), fair competition (competition based on quality, price, and services rather than unfair practices), balance (to compare the value of one thing with another).
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What are some potential challenges that may arise as China's economy continues to prioritize green manufacturing?
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