JPMorgan Sees China Leveraging Clean Tech for Geopolitical Gain
China is likely to step up efforts to use its clean-tech transition as a pathway to economic and geopolitical dominance, according to JPMorgan Chase & Co. 's global head of sustainable solutions.
The world's second-largest economy 'is leveraging its early investment into green technologies not just for economic benefit but for geopolitical advantage as well,' JPMorgan's Chuka Umunna said during a panel at the Bloomberg Sustainable Business Summit on Thursday. 'I think we are going to see that more pronounced, how these issues play into geopolitics.'
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