China's Clean Power Subsidy Rollback: A New Landscape for Investors

The Chinese government's decision to phase out subsidies for new centralized photovoltaic stations, distributed photovoltaic projects, and onshore wind power projects has significant implications for the investment landscape in these sectors. This policy shift, announced by the National Development and Reform Commission (NDRC) in June 2021, aims to promote the efficient use of resources and high-quality development of new energy industries, such as photovoltaics and wind power.