Why China Wants You to Drive an EV

Published: Feb. 22, 2024, 8 a.m.

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China\\u2019s economy is struggling: Many young people can\'t find jobs, the nation\\u2019s real estate market is in trouble after two major property development companies failed, and China\'s stock market has seen a $7 trillion decline in just a few years. But Beijing has a plan to do something about it.


When the \\u201cgreen energy\\u201d movement began, China recognized an opportunity, Erin Walsh explains. Beijing saw an \\u201copening because they don\'t have oil, so they had to come up with something else,\\u201d said Walsh, senior research fellow for international affairs in the Asian Studies Center at The Heritage Foundation. \\u201cBecause, how do you electrify and grow, and become No. 1 in the world, which is their goal; how do you do that if you don\'t have energy,\\u201d she asked. (The Daily Signal is the news outlet of The Heritage Foundation.) 


China has \\u201chijacked the agenda\\u201d of the green movement, because the Asian giant is on the forefront of developing electric vehicles, batteries and solar energy, according to Walsh. 


Walsh joins \\u201cThe Daily Signal Podcast\\u201d to explain the factors that have led to China\\u2019s economic challenges and how Beijing is seeking to overcome its economic woes by further dominating the energy market. 


Enjoy the show!



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