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Strengthening global development momentum through fair competition and open cooperation

Broadcast United News Desk
Strengthening global development momentum through fair competition and open cooperation

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BEIJING (ANTARA/PRNewswire) – The People’s Daily reported: The development of new energy industries is related to the future of the earth. It is necessary to promote the emergence of high-quality production capacity through fair competition in the industry and enhance global development momentum through open cooperation.

Fair competition is the fundamental principle of the market economy. It is through full market competition that China’s new energy industry has developed its international competitiveness.

Chinese new energy companies are constantly optimizing production processes, improving production efficiency, promoting technological innovation, and continuously providing the market with higher quality and more price-competitive products. The number of patent applications in the fields of new energy vehicles, lithium-ion batteries, photovoltaic products, etc. ranks among the top in the world.

Many multinational companies have realized that the highly competitive and innovative Chinese market is a “well-equipped gym” and have established new energy research and development and production bases in China to promote industrial upgrading and overall development and progress.

Maintaining fair competition is the best way to improve consumer welfare. Sufficient market competition can encourage companies to provide high-quality products that better meet market demand at more favorable prices, thereby maximizing consumer interests.

In recent years, faced with fierce market competition, Chinese new energy vehicle companies have continuously launched new models covering different price ranges and meeting the diverse needs of consumers, providing consumers with more high-quality choices.

Chinese photovoltaic companies have launched products such as large-scale photovoltaic power stations and household rooftop photovoltaic systems, enhancing the diversity of products and application scenarios.

These measures have greatly increased the market penetration of new energy products and benefited consumers.

Only fair competition can promote global green and low-carbon transformation, and sustainable development must be based on high-quality production capacity.

The De Aar wind power project in South Africa’s Northern Cape Province, the photovoltaic power station in Mymensingh County, Bangladesh, the “Made-in-China” pure electric buses running in Mexico City, and Chinese companies investing in the construction of new energy vehicles and power battery factories in Hungary, etc. Chinese new energy companies are actively carrying out international cooperation and helping more and more developing countries move towards green development.

Fatih Birol, Executive Director of the International Energy Agency, pointed out that the relevant services and support provided by China to other countries have significantly increased the accessibility of clean energy technologies and reduced the cost of using green technologies globally.

Protectionism violates the principle of fair competition. It not only fails to protect domestic industries, but also distorts the international market, reduces the efficiency of resource allocation, and hinders the development of the global new energy industry.

At present, the world is in a critical period of transformation from old to new growth drivers. Taking protectionist measures against emerging industries such as new energy will cause global waste of resources and loss of efficiency, affect the sustainable growth of the global economy, and limit or even kill incremental opportunities.

The international community should jointly oppose protectionism, properly handle differences in accordance with market economy principles and WTO rules, and create a good international environment for the healthy development of the global new energy industry.

Maintaining fair competition does not mean that the government has no role to play. Historically, the successful industrial upgrading of developed countries, in addition to the role of the market, also relied on the guidance and support of industrial policies issued by their respective governments.

Since China joined the WTO, it has conscientiously abided by the relevant rules on subsidies and promoted the development and growth of production capacity under market economy conditions.

At present, China’s high-quality new energy production capacity continues to emerge, which is the result of the effective coordination of the effective operation of the market and the active actions of the government.

The key for governments to guide the development of their own new energy industries is not to violate international rules, exclude competition from other countries through industrial policies, or maliciously suppress the industrial development of other countries.

What the world needs is environmental protection, not protectionism against green products. The new energy industry is a promising industry that can empower global development and create a green future. Fair competition and open cooperation are the best ways to promote industrial development and achieve mutual benefit and win-win results. Protectionism will only lead the global green transformation to a dead end.

Looking to the future, all countries should maintain an open mind, adhere to fair competition, promote mutually beneficial cooperation, and work together to build a competitive, efficient, expansive, innovative and interconnected global market, create new opportunities for the development of the new energy industry, and provide a good environment for the long-term development of enterprises in all countries.

Source: People’s Daily

Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2024

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