China carbon emissions plans need better tech. Strategists pick stocks
An individual waters his plants before a coal-fired plant in Hanchuan province in China on October 13, 2021.
Analysts in Greater China see finding companies that can benefit from Beijing’s efforts to lower carbon emissions as one of their top investing priorities for the coming year.
There needs to be technological advancement, as simply cutting back on fossil fuels or using other incentives to reduce carbon emissions will not be enough — and will even shock the economy, said Peng Wensheng, chief economist and head of the research department at Beijing-based investment banking giant CICC.