because Chinese is investing heavily on all sorts of renewable energies. its annual investment is more than the total US and EU amount combined.
"China is set to account for the largest share of clean energy investment in 2024 with an estimated $675 billion, while Europe is set to account for $370 billion and the United States $315 billion."
"China is set to account for the largest share of clean energy investment in 2024 with an estimated $675 billion, while Europe is set to account for $370 billion and the United States $315 billion."
https://www.reuters.com/sustainability/climate-energy/iea-ex...