Washington: Oct 12, a World Bank report laid bare that China needed up to $17 trillion for green infrastructure and technology in the power and transport sectors to reach net-zero emissions by 2060. “China’s long-term growth prospects are increasingly dependent on rebalancing the economy from infrastructure investment to innovation, from exports to domestic consumption, and from state-led to market-driven allocation of resources,” said Manuela Ferro, the World Bank’s vice president for East Asia and the Pacific.
