China has built the world’s largest and most complete new-energy industrial and supply chain system through continuous technological innovation and robust market competition. Over the past more than 10 years, China has helped drive the global average cost of electricity from wind power and solar photovoltaic power down by more than 60 percent and 80 percent, respectively. China’s advanced and practical technologies in photovoltaics, wind power, energy storage, and other fields, as well as high-quality products such as electric vehicles and electric motorcycles, have turned the energy transition goals of many developing countries into reality.

　　Chinese enterprises have implemented distributed photovoltaic and microgrid projects in sub-Saharan Africa, helping light up Africa’s nights. Going forward, China will further guide the rational and orderly cross-border expansion of industrial and supply chains, align with the industrialization aspirations of Global South countries, and help more countries develop their economies, expand employment, and improve people’s livelihoods.

　　Sources of technology and innovation

　　China is one of the key sources of global technology and innovation, injecting new momentum into world economic development. Innovation is an important endogenous driving force for economic growth, and China, with its own innovative development philosophy and successful practices, is becoming one of the main arenas for large-scale innovation globally.

　　China’s innovation capacity increased significantly. According to a report by the World Intellectual Property Organization, China has risen to the 10th position in the global innovation ranking for 2025, up 24 places from 2024 and the number of its global top 100 science and technology innovation clusters has ranked first in the world for three consecutive years.