China’s top economic planning body, the National Development and Reform Commission (NDRC), says it will launch a series of fiscal and technological support policies to promote the renewable energies. The report was issued to key committee members of the National People’s Congress, China’s rubber-stamp parliament, which began in Beijing this week.
Solar stocks in Hong Kong surged on the news.
“Wind already has enough support but solar still doesn’t have any fiscal support,” says Min Li, analyst at Yuanta Securities in Hong Kong.
