China's solar power drives the global green transition
Beyond China, the development of its photovoltaic industry is also contributing to the global green transition by making clean energy more accessible and affordable, while offering new pathways for sustainable development, particularly for countries in the Global South.
China's solar power industry is contributing to the global green transition by making clean energy more accessible and affordable. This development is also offering new pathways for sustainable development, particularly for countries in the Global South, according to IOL.
Global investors are turning to China as an alternative to crowded US asset markets. Pimco, a US-based asset manager with over $2 trillion in assets, views Chinese bonds as one of the safest ways to diversify portfolios.
Pimco's president, Christian Stracke, stated that clients, particularly non-US clients, are seeking ways to diversify away from US concentrations. He suggested Chinese offshore bonds as one option, citing that the China bond market is "by far the least correlated [with the US] and the most stable among them".
Brief written by urgent.news from IOL, SCMP Business, South China Morning Post — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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