he next five to seven years, China’s policy support for new energy vehicles will drive g
lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.
As early as in 2012, the State Council introduced a pipeline to guide the development of the natio
n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent
ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an
d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.
According to the agency, China will specifically lead in the e-bus market. It is estimated that by
2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.
lower-income－some growing and others not) developing countries will be of huge importance in red
ucing poverty further. Although these countries face significant headwinds, they could also seize imp
ortant new growth opportunities－especially with the help of digital platforms.
The headwinds are certainly considerable. For starters, advances in digital technolo
gies－robotics, machine learning, sensors, and vision－directly threaten the labor-intensive manu
facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.
Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio
ns where most of the lower-income countries are located. The effects of global warming are highly disrup
tive in fragile economies, and, taken together, constitute a major new obstacle to growthle
in fact a type of aluminum alloy that can be used to imitate the shape of traditional Chinese a
rchitecture at a low cost. It is an example of how modern technology is applied at the ex
hibition,” Li Liang, a designer of the pavilion, was quoted by Beijing Daily as saying.
By installing rainwater collection devices on the roofs and tanks beneath the pavili
on, a mini ecological circulation has been created by gathering rainwater to irrigate the terraced fields.
Shen Yanyan, who camea with her family from Jiangxi province for a visit, said that
although she didn’t know much about design, she felt the building was “very cool”.
“We saw its shiny roof upon entry to the park and we were immediately attracted,” said the 33-year-old. “The Chin
a Pavilion is not only beautiful outside, but also inside. My mother is very happy to see flowers from so many pro
vinces and regions of the country, and all are well-trimmed and placed in the pavilion’s exhibition halls.”