Further green investment is in sight for China as the country gradually shifts toward a more institutionalized phase of decarbonization, according to a research report by Morgan Stanley.
“We expect policymakers to step up support for green investments from 2022 — such as renewables, smart grid, power storage equipment, and manufacturing equipment upgrades,” said Robin Xing, Morgan Stanley’s chief China economist, in the co-authored report.
The green push is expected to inject new impetus into the Chinese economy. The investment bank forecast a recovery in infrastructure driven by green investment, saying it expects infrastructure investment growth to rebound to 4 percent next year.— Xinhua
