UBS Upbeat on China's Clean Energy Sector, Sees it Leading Overseas Expansion
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UBS stated on the 20th that the overseas expansion of Chinese companies will be a key investment theme for the next 5 to 10 years. Against the backdrop of a global energy crisis sparked by geopolitics, Xu Bin, Head of Research at UBS Securities, noted that the clean energy industry chain is poised to become a representative for Chinese firms "going global." He projects a 20-30% compound annual growth rate in overseas revenue for related sectors. UBS also raised its profit forecast for China's A-shares this year from 8% to 11%.