China is the world’s largest exporter of crude oil, but it’s also becoming a global leader in the global supply chain, including the manufacturing of products for export.
But for now, its job market is lagging behind.
In the United States, China is expected to lead the global production of solar panels by 2022, according to a report published by the US Federal Reserve Bank of Kansas City on Wednesday.
China’s solar manufacturing output is expected rise by nearly 2 million megawatts, the bank reported.
But for now that’s just speculation, and for the time being it’s hard to know if the country’s rapid growth in solar and wind power will continue.
China has already seen an unprecedented increase in the number of new solar projects installed by the end of 2018, according, and that’s expected to continue in 2019, as China’s economy slows.
The U.S. Energy Information Administration predicts China will surpass the U.K. and Germany in the production of renewable energy this year, but the solar industry is a more volatile sector.
The National Renewable Energy Laboratory forecasts that China will produce enough solar energy to supply nearly 20% of the U, S., and Canada’s energy demand in 2020.
In the coming years, the Chinese government will try to diversify its energy supply away from coal, oil, and gas, and focus more on solar, nuclear, wind, geothermal, and biofuels.
According to Bloomberg, China’s wind power production is expected reach a peak of 10 gigawatts in 2020, but its output will likely decrease as the government focuses on green energy technologies.
While the country has invested heavily in the solar power sector, it’s still a relatively young industry.
Its largest power company, Xinjiang Electric Power, announced in 2016 that it would invest a total of $6 billion to expand its power grid.
It is also not clear if the Chinese economy is growing at a rate that will lead to more jobs, or if the current boom will be a temporary phenomenon.
There are also questions about whether China’s economic slowdown is affecting other industries in the country, such as tourism, manufacturing, and manufacturing related services.
Bloomberg points out that the global economy will grow faster in 2020 than in 2016, but that growth will be fueled by a number of factors, including China’s slowing economy.