Green revolution in China's industrial sector

Abstract

This article provides an overview analysis of the systemic transformation of China's industrial sector toward green and low-carbon development. The authors examine the scale, mechanisms, and results of the greening of Chinese industry, which over the past two decades has transformed the country from a major polluter into a global leader in green transformation. The article analyzes China's green industrial ecosystem, which includes a number of levels: green factories and industrial parks. Particular attention is paid to the latest initiative to create carbon-neutral factories by 2030 and government support measures for the emerging ecosystem. The paper examines sustainable business models using Sidel and the Ziya Green Industrial Park in Tianjin as an example, as well as models for developing low-carbon value chains. It concludes that the Chinese revolutionary experience represents a scalable and economically feasible model for public-private partnerships in sustainable development, which can be adapted to Russian industry's national specifics when transitioning to sustainable business models and developing low-carbon industrial clusters.