Graphics: Green finance powers China's sustainable transformation

China is leading the world in the shift away from fossil fuels in the quest for a more sustainable future for all driven by investment in renewable energy infrastructure and manufacturing for green industries like electric vehicles and solar panels. 

Central to this end is the country's green lending, with latest data showing a rapid expansion of this market. By the end of the third quarter, the balance of green loans in domestic and foreign currencies reached 43.51 trillion yuan (about $6.11 trillion), up 17.5 percent from the beginning of the year. Loans supporting green infrastructure upgrades, energy transition, and ecological restoration all recorded strong growth, reflecting the country's ongoing drive toward a low-carbon economy.

The rise in green credit highlights how finance is reshaping China's development model. With ever-growing investment in clean energy, transport and environmental protection, green finance has become a vital force in supporting high-quality growth and advancing the nation's dual carbon goals of peaking emissions and achieving neutrality.