Comparison of clean energy revenue between China and the United States: China is fast leading
Time: 2023-09-07 22:08:02    Source: Marginal macro laboratory   
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With the increasing global concern for environmental protection and sustainable development, clean energy has become the goal pursued by all countries. In this clean energy competition, China and the United States, as the two largest economies in the world, have attracted much attention in the field of clean energy. Recently, Bloomberg data shows that compared with the U.S. market, China has taken the lead in using solar energy, wind energy, nuclear energy and other renewable energy to generate revenue.

Only 3.4% of the revenue of companies in the S&P 500 index comes from clean energy, while this figure is nearly 7% among companies in the Shanghai Composite Index. This difference in data reveals the differences in investment and development strategies in the field of clean energy between China and the United States.

Although China is the leader in clean energy revenue, several large enterprises, such as Tencent Holdings, have more than 12% of the MSCI China Index and a forward P/E ratio of 17.5 times, which masks the cheaper prices of other stocks in the market. This also means that although China's clean energy revenue is in the lead overall, there is still great room for development and potential.

With the increasing global attention to clean energy, the competition between China and the United States in this field will become more intense. China's leading position may attract more international investment, while the United States may increase its R&D and investment in clean energy to catch up.

Clean energy is not only related to environmental protection, but also a new engine for economic development of all countries. The competition between China and the United States in this field will affect the development trend and direction of global clean energy. With technological progress and policy support, we have reason to believe that the future clean energy market will be more prosperous and active.

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