This October, at the United Nations Biodiversity Conference in Kunming, Chinese President Xi Jinping announced that the first step had been taken towards the construction of a huge 400 gigawatts wind and solar pack. Construction on the first phase comprising 100 gigawatts of wind and solar in deserts in China is already underway. Four 400 gigawatts projects would be half finished by 2025. The Chinese government has also released the policies to promote energy shortage systems, especially for storage systems, especially for water reservoir storage in the new term. With all these plans and the policies in place, it's very clear that China has made a strong determination supported by initial and detailed plans to build a new national energy infrastructure in which renewable energy will play a critical role. The newly announced policies and evolving energy market environment amend illustrate a vast potential market for solar in China, which is much higher and much larger than previously anticipated. Therefore, we are very optimistic about solar PV's demand in the future.

Oct 28, 2021 / CEO / receipt, needs a key / Longgeng Zhang, CEO | earnings call 2021-10-28 | transcript 6ce115e9-7bc4-4142-85c0-0359fc740e5a | chars 6930-8013 | segment 7