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During the 14th Five-Year Plan (2021-25), it will be an important period for renewables to make up a large share of China's energy mix, because at that time renewable energy industry will enjoy little financial subsidies, and needs to innovate in applications, business models and institutional mechanisms to get renewables-generated power connect directly into the electricity system, she said.

During the same time period, South Korea moved upward 36 slots followed by Singapore, India and Brazil with 27-slot, 27-slot and 22-slot upward movement.

During the fourth quarter 2019, its revenues were 358.2 million yuan (.4 million), a 95.7 percent increase from the same period of 2018. The net income was 69.9 million yuan, with a 71.4 percent year-on-year rise.

During the period, Binhai's exports reached 119.43 billion yuan, up 13.7 percent year-on-year, while its imports totaled 234.69 billion yuan, up 3.2 percent, according to Tianjin customs.

During the sell-off, high-growth companies like technology and industrial companies and smaller stocks were hit especially hard as investors worried about various factors that could slow their growth and their profits. Those included the US-China trade fight, rising interest rates that could make it more expensive to borrow money, and higher costs for fuel and other necessities.