CURRENTLY, CHINA IS LEADING THE WORLD IN THE UTILIZATION OF NEW ENERGY. WITH ADVANCED AND ECONOMICAL GREEN TECHNOLOGIES, CHINA CAN NOT ONLY EFFECTIVELY ENSURE ENERGY SECURITY AND ACHIEVE ENERGY INDEPENDENCE, BUT ALSO MAXIMIZE THE EFFECTIVE UTILIZATION OF ENERGY, ULTIMATELY ESTABLISHING A COMPETITIVE ADVANTAGE ON A GLOBAL SCALE.AT THE 2022 NEW ENERGY VEHICLE INDUSTRY CHAIN INVESTMENT ANNUAL CONFERENCE HELD RECENTLY, ECONOMISTS STATED THAT THE CURRENT NEW ENERGY RELATED INDUSTRIES ARE THE MOST PROMISING AND EXPLOSIVE AREAS FOR THE FUTURE. IN THE LONG RUN, NOT INVESTING IN NEW ENERGY NOW IS LIKE NOT BUYING A HOUSE 20 YEARS AGO. THIS VIEWPOINT SEEMS TO HAVE IGNITED THE ENTHUSIASM OF INVESTORS, AND THE A-SHARE NEW ENERGY SECTOR, WHICH WAS ALREADY IN THE REBOUND STAGE, IS ACCELERATING ITS RISE AGAIN, WITH A GREAT POTENTIAL TO RETURN TO THE TREND.IS NEW ENERGY REALLY THE REAL ESTATE OF 20 YEARS AGO? WE CANNOT DRAW A SIMPLE CONCLUSION ABOUT THIS HOT TOPIC. IF WE LOOK AT THE INVESTMENT SCALE, ECONOMIC DRIVING EFFECT, AND GROWTH POTENTIAL, THEN ALTHOUGH NEW ENERGY AND REAL ESTATE HAVE SIMILARITIES, THEY CANNOT BE SIMPLY EQUATED.ACCORDING TO ANALYSIS, WHEN THE ADDED VALUE OF AN INDUSTRY REACHES 5%, IT GROWS INTO A PILLAR INDUSTRY, AND THE CONTRIBUTION OF REAL ESTATE TO CHINA'S GDP ONCE EXCEEDED 10%. AS A PILLAR INDUSTRY OF THE NATIONAL ECONOMY, REAL ESTATE NOT ONLY DIRECTLY DRIVES THE DEVELOPMENT OF BUILDING MATERIALS INDUSTRY, CONSTRUCTION EQUIPMENT INDUSTRY, CONSTRUCTION MACHINERY INDUSTRY, METALLURGY, CHEMICAL INDUSTRY, TRANSPORTATION MACHINERY, INSTRUMENTS AND OTHER INDUSTRIES, BUT ALSO AFFECTS THE DEVELOPMENT OF CIVIL INDUSTRIES SUCH AS HOUSEHOLD APPLIANCES AND FURNITURE, AS WELL AS THE DEVELOPMENT OF THE TERTIARY INDUSTRIES SUCH AS TOURISM, LANDSCAPING, TRANSPORTATION, COMMERCE, AND SERVICES. SINCE 2000, THE RAPID DEVELOPMENT OF THE CHINESE ECONOMY HAS BEEN CLOSELY LINKED TO THE REAL ESTATE INDUSTRY.NEW ENERGY MAINLY INCLUDES TWO INDUSTRIES: NEW ENERGY VEHICLES AND NEW ENERGY ELECTRICITY. LET'S FIRST TAKE A LOOK AT NEW ENERGY VEHICLES. AFTER MORE THAN 100 YEARS OF DEVELOPMENT, AUTOMOBILE MANUFACTURING HAS BECOME ONE OF THE LARGEST AND MOST VALUABLE INDUSTRIES IN THE WORLD. THE AUTOMOTIVE INDUSTRY HAS A STRONG DRIVING EFFECT ON THE UPGRADING OF INDUSTRIAL STRUCTURES AND THE DEVELOPMENT OF RELATED INDUSTRIES IN VARIOUS COUNTRIES. IT HAS THE CHARACTERISTICS OF HIGH INDUSTRIAL CORRELATION, WIDE COVERAGE, HIGH TECHNICAL REQUIREMENTS, LARGE NUMBER OF COMPONENTS, HIGH ADDED VALUE, AND OBVIOUS ECONOMIES OF SCALE. AT PRESENT, CHINA HAS FORMED ADVANTAGES IN THE NEW ENERGY VEHICLE INDUSTRY CHAIN, AND THE ECONOMIC BENEFITS HAVE BEEN DEMONSTRATED. ACCORDING TO DATA, THE SCALE OF THE ENTIRE NEW ENERGY VEHICLE INDUSTRY CHAIN WILL EXCEED 10 TRILLION YUAN IN THE FUTURE.LOOKING AT NEW ENERGY ELECTRICITY AGAIN, ACCORDING TO THE CALCULATION THAT THE PROPORTION OF NON FOSSIL ENERGY CONSUMPTION WILL REACH OVER 80% BY 2060, THE INSTALLED CAPACITY OF NEW ENERGY POWER GENERATION SUCH AS WIND POWER AND SOLAR POWER WILL REACH BILLIONS OF KILOWATTS, BECOMING THE MAIN SOURCE OF ELECTRICITY SUPPLY. ANALYSIS SHOWS THAT DIRECT INVESTMENT TOWARDS CARBON NEUTRALITY IN CHINA CAN REACH AT LEAST 140 TRILLION YUAN BY 2050, AND IF RELATED INVESTMENTS ARE TAKEN INTO ACCOUNT, THE ACTUAL INVESTMENT POTENTIAL IS MUCH GREATER THAN THIS SCALE.UNLIKE THE SHORT-TERM STIMULUS EFFECT OF REAL ESTATE INVESTMENT, THE LONG-TERM EFFECT OF NEW ENERGY INVESTMENT IS MUCH HIGHER THAN THE SHORT-TERM EFFECT. WITH THE CONTINUOUS DEVELOPMENT OF THE ECONOMY, THE HIGH PROPORTION OF REAL ESTATE INVESTMENT AND THE OVERHEATED DEVELOPMENT STATUS OF THE REAL ESTATE INDUSTRY HAVE BECOME PROMINENT PROBLEMS. THE MAIN MEANS OF DRIVING ECONOMIC GROWTH SHOULD GRADUALLY SHIFT FROM "BUILDING HOUSES" TO THE RECONSTRUCTION OF ZERO CARBON ENERGY SYSTEMS WITH NEW ENERGY AS THE MAINSTAY AND MODERN INDUSTRIAL SYSTEMS WITH DIGITAL TECHNOLOGY AS THE CORE.HARVARD BUSINESS SCHOOL PROFESSOR MICHAEL PORTER PROPOSED IN HIS BOOK "NATIONAL COMPETITIVE ADVANTAGE" THAT AT THE NATIONAL LEVEL, THE ONLY MEANING OF "COMPETITIVENESS" IS NATIONAL PRODUCTIVITY. THE UPGRADING OF THE NATIONAL ECONOMY REQUIRES CONTINUOUS IMPROVEMENT IN PRODUCTIVITY, AND ENERGY IS ONE OF THE KEY FACTORS OF PRODUCTIVITY. THROUGHOUT THE HISTORY OF ENERGY DEVELOPMENT, EVERY RECONSTRUCTION OF THE ENERGY SYSTEM HAS RELEASED TREMENDOUS POWER TO PROMOTE ECONOMIC EFFICIENCY IMPROVEMENT, EFFECTIVELY PROMOTING ECONOMIC GROWTH. IN THE FIRST INDUSTRIAL REVOLUTION, COAL BECAME THE PROTAGONIST. COAL HAS A HIGHER ENERGY DENSITY THAN WOOD AND IS ABUNDANT IN RESERVES. PEOPLE CAN PROVIDE POWER FOR STEAM ENGINES AT A LOW COST, GREATLY IMPROVING PRODUCTIVITY. AT THE SAME TIME, LARGE-SCALE LONG-DISTANCE TRADE HAS BECOME POSSIBLE, ACCELERATING THE DEVELOPMENT OF INDUSTRIES AT EVERY LINK IN THE SUPPLY CHAIN. AT THIS STAGE, BRITAIN WAS THE FIRST TO COMPLETE THE TRANSFORMATION AND BECAME THE MOST DEVELOPED COUNTRY IN THE WORLD AT THAT TIME.IN THE SECOND INDUSTRIAL REVOLUTION, OIL BECAME THE PROTAGONIST. PETROLEUM HAS A HIGHER ENERGY DENSITY, SIMPLER AND SAFER PRODUCTION PROCESS, AND IS CLEANER AND MORE CONVENIENT. IT CAN BE REFINED INTO VARIOUS FUELS AND CHEMICAL RAW MATERIALS, AND IS SUPERIOR TO COAL IN ALL ASPECTS. THE EMERGENCE OF OIL HAS FURTHER IMPROVED THE PRODUCTIVITY OF MODERN ECONOMY, MAKING FASTER LONG-DISTANCE FLIGHTS POSSIBLE AND DEEPENING THE PROCESS OF GLOBALIZATION. IN THE FIRST HALF OF THE 20TH CENTURY, THE UNITED STATES WAS THE WORLD'S LARGEST OIL PRODUCING COUNTRY, AND WITH THE HELP OF ABUNDANT AND CHEAP OIL, ITS NATIONAL STRENGTH WAS GREATLY ENHANCED.UNLIKE THE PREVIOUS TWO INDUSTRIAL REVOLUTIONS, THE NEW ROUND OF INDUSTRIAL REVOLUTION WILL BE BASED ON RENEWABLE ENERGY DISTRIBUTED AND UBIQUITOUS AROUND THE WORLD. SCIENTISTS POINT OUT THAT THE ENERGY GENERATED BY ONE HOUR OF SUNLIGHT EXPOSURE IS ENOUGH TO SUPPORT THE GLOBAL ECONOMY FOR A WHOLE YEAR. THE NEW ROUND OF ENERGY FACTOR SWITCHING WILL UNDOUBTEDLY CHANGE THE ENTIRE WORLD. CURRENTLY, CHINA HAS TAKEN THE LEAD IN THE UTILIZATION OF NEW ENERGY GLOBALLY. WITH ADVANCED AND ECONOMICAL GREEN TECHNOLOGIES, CHINA CAN NOT ONLY EFFECTIVELY ENSURE ENERGY SECURITY AND ACHIEVE ENERGY INDEPENDENCE, BUT ALSO MAXIMIZE THE EFFECTIVE UTILIZATION OF ENERGY AND MAINTAIN LOW-COST, EFFICIENT, AND SUSTAINABLE ECONOMIC DEVELOPMENT, ULTIMATELY ESTABLISHING A COMPETITIVE ADVANTAGE ON A GLOBAL SCALE.THEREFORE, FROM A LONG-TERM PERSPECTIVE, IT IS CLEAR THAT NEW ENERGY CANNOT BE SIMPLY EQUATED WITH REAL ESTATE 20 YEARS AGO. NEW ENERGY WILL HAVE A MORE PROFOUND IMPACT ON HUMAN PROGRESS AND CHINA'S ECONOMIC AND SOCIAL DEVELOPMENT. (SOURCE: ECONOMIC DAILY)