China makes systematic arrangements for comprehensive green transition

China has made systematic arrangements for comprehensive green transition in all areas of economic and social development at the national level for the first time.

The Communist Party of China (CPC) Central Committee and the State Council have recently unveiled a set of guidelines on to ramp up green transition in all areas of economic and social development.

The guidelines have raised a raft of work tasks such as optimizing the development and protection of territorial space, promoting the green and low-carbon transition in industrial structure and the energy sector, as well as promoting green transition in the transport sector and urban-rural development.

"A prominent feature of this document is the word 'comprehensive'. Comprehensive green transition means integrating the requirements of green transition into the overall economic and social development and promoting green transition at all fronts and in all fields and regions. It will help further shape China's new development advantages and create a more globally competitive modern economic system for the country," said Liu Qiong, director of the National Energy Conservation Center of the National Development and Reform Commission (NDRC).

According to the NDRC, the guidelines were issued at a time when China has made historical achievements in green and low-carbon development since the 18th CPC National Congress in 2012.

According to the guidelines, the main objectives are that by 2030, the country will achieve "remarkable results" in the green transition in all areas of economic and social development; and by 2035, a green, low-carbon, and circular development economic system will be basically established and the goal of Beautiful China will be basically achieved.

The guidelines also put forward quantitative work goals for different fields. By 2030, the scale of the energy conservation and environmental protection industry in the country will reach about 15 trillion yuan (about 2.1 trillion U.S. dollars), the proportion of non-fossil energy will increase to about 25 percent of energy consumption, and the installed capacity of pumped storage hydropower will exceed 120 million kilowatts.

China makes systematic arrangements for comprehensive green transition

China makes systematic arrangements for comprehensive green transition

China makes systematic arrangements for comprehensive green transition

China makes systematic arrangements for comprehensive green transition

China makes systematic arrangements for comprehensive green transition

China makes systematic arrangements for comprehensive green transition

The fresh U.S. tariff policy represents protectionism which bucks the trend of the world economy and is bound to pose risks to the United States itself, a Japanese economist said on Saturday.

Hidetoshi Tashiro, chief economist at Japan's Infinity LLC, said Japan's pillar automobile industry will by definition bear the brunt of the U.S. reciprocal tariffs and tariffs on automobiles, with some companies even facing a life-or-death crisis.

However, the expert believes that the U.S. tariff policy will also worsen inflation in the United States and have a negative effect on global trade.

"This tariff policy will only add fuel to the fire, rather than extinguishing it. In the current environment of severe high prices in the U.S., the life of U.S. citizens will become even more difficult. Moreover, under the impact of this tariff policy, global trade volume will clearly shrink. The production of exported goods from various countries will decrease. This tariff policy is completely unreasonable for the development of the global economy, and even for the development of the U.S. economy itself," he said.

The expert believes that the U.S. trade protectionism is at odds with global economic trends.

"The U.S. is no longer engaging in free trade at all, or we can even say it is undermining free trade. It’s not just protectionism, it’s essentially destroying free trade. The United States is disconnecting from the world economy, and this is a very serious issue," said the economist.

US new tariff policy bucks global trend, harms itself: Japanese economist