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China's total energy consumption will be capped at 5 billion metric tons of coal equivalent by 2020, according to a government plan for 2016 to 2020. This will amount to a 15 percent reduction of energy use per unit of GDP by 2020.
China's tighter regulation on shadow banking will likely make private equity investment a more attractive financing option for local Chinese firms that face limited access to direct financing, Marchick added.
China's vast market has generated huge profits for EU companies, and Chinese investment in Europe has created a large number of jobs and increased tax revenues, said Zhang Ming, Chinese ambassador to the EU. "China and the EU are already highly interdependent."
China's value-added industrial output, an important economic indicator, expanded 6.7 percent year-on-year in the first half of 2018. [Photo/IC]
China-UK cooperation on green finance is guaranteed strong support from all these effective mechanisms and will in turn reinforce these institutional pillars.
来源：资阳报