China Suspends Export of Rare Metals Amid Escalating Trade Tensions with US

China is rapidly increasing its exports of green technology, particularly electric vehicles, solar panels, and wind turbines, to developing and emerging economies, which now receive approximately 50% of these exports, according to a new analysis by Lauri Myllyvirta from the Center for Research on Energy and Clean Air. This trend comes as the European Union imposes stricter market access for Chinese electric vehicles, leading to a significant shift in where China directs its renewable energy products.
Myllyvirta notes that developing countries have largely driven recent export growth, with substantial investments made by China in these markets. The country has become the world's largest exporter of automobiles, surpassing Germany and Japan, and is now focusing on fostering economic ties through its Belt and Road Initiative, which includes a growing emphasis on green infrastructure projects.
The implications of this shift are profound, as it also challenges Western industries and underscores China's ambitions in climate diplomacy. By providing affordable clean technology to developing nations, China positions itself as a key player in global efforts toward a sustainable energy transition.