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CreativityTranscript
00:00 [MUSIC]
00:04 The two biggest countries leading the world in the field of clean energy are getting closer to each other.
00:11 The bilateral trade between the two countries has increased.
00:14 Along with this, the capital of both countries is also increasing.
00:18 These two countries are China and Germany, which are the world leaders in the field of clean energy.
00:25 There is a lot of potential in both countries in the field of clean energy in terms of bilateral cooperation.
00:32 The German Chancellor visited China in April.
00:36 This was the longest visit of any of their countries so far.
00:41 He stayed in China for about four days.
00:45 This has given hope that China and Germany will be able to sell more in this area.
00:51 China is currently the world leader in the field of clean energy.
00:55 It is planting a large number of solar and wind power plants in its country.
01:00 China's electric cars, lithium batteries and solar products have created a lot of convenience for the general consumer in the global market.
01:10 [MUSIC]
01:13 According to a report by Bloomberg, Chinese companies will invest $469 billion in the next three years.
01:22 In the next two to three years, China's solar panels and batteries will be in double demand.
01:30 This investment will play a role in meeting this demand.
01:34 [MUSIC]
01:37 The solar panels in Pakistan, which had reached 70,000 rupees at one time, are now in the range of 22,000 to 25,000 rupees.
01:47 The US and the European Union are not happy about this.
01:51 They accuse China of overcapacity.
01:55 They say that Chinese factories are making more products than they can, which is ending the competition with the market.
02:04 They object that the Chinese government is giving a lot of subsidies to this sector.
02:09 Although the numbers are exactly the opposite.
02:13 Data shows that all governments provide subsidies to their companies.
02:18 Some countries have a higher subsidy rate, while China provides very little.
02:26 The subsidies provided by China are in line with the principles of the World Trade Organization.
02:33 [MUSIC]
02:35 Instead of seeing China as a threat, it is a good idea to accept its cooperation in the development of clean energy.
02:49 The cooperation between China and Germany can be a promising opportunity.
02:54 China and Germany are the world's largest manufacturing powerhouses.
02:58 Both have invested a lot in the production of electric vehicles.
03:03 Despite the competition, Beijing and Berlin are in favor of close cooperation instead of conservative.
03:11 Both realize that mutual cooperation will give a boost to innovation instead of competition.
03:17 This will not only benefit both countries, but also help the world shift to sustainable transportation.
03:25 China is a major contributor to manufacturing, technology innovation and renewable energy.
03:36 As a global supplier of solar panels, wind turbines and lithium batteries,
03:43 China has demonstrated its ability to increase the production of sustainable energy while reducing costs.
03:51 [MUSIC]
03:53 Germany is known for its engineering, research and development and sustainable environmental conservation.
04:01 German companies are experts in energy storage, grid integration and energy conservation advanced technologies.
04:09 Cooperation between the two countries can help in the green development and global energy transition.
04:16 During the Chinese reign, the German Chancellor demanded that Chinese cars be allowed to be imported into the European market.
04:24 Before that, German car manufacturers have also imposed restrictions on Chinese electric cars.
04:31 These companies believe that China and Germany's auto industries are economically connected to each other.
04:40 Less than 40% of Germany's companies are restricted from China.
04:47 German companies need China for their raw materials.
04:52 Similarly, China still imports a lot of things from Europe.
04:56 In simple words, China has not survived without Europe and Europe has not survived without China.
05:03 All this is the natural result of economic globalization.
05:08 [MUSIC]
05:11 At present, the world is not at risk of China, but because of the lack of cooperation with each other.
05:18 In today's world, no matter how big a manufacturer is, it needs technology and things from other countries.
05:27 Therefore, if the world does not cooperate with each other, no one will be able to do it.
05:33 If China and Germany work together towards the common goal of cooperation, it will not only benefit them, but the whole world.
05:43 That's all for now. For more interesting videos, stay tuned with Daily Pakistan.
05:48 [Music]