China is currently leading the way in clean energy technology manufacturing, spending more money than the next 10 biggest investors combined in 2023. The country has established a significant edge by controlling supply chains for technologies like solar panels and electric vehicle batteries and pioneering innovative tech such as clean hydrogen. Despite U.S. efforts to compete through initiatives like the Inflation Reduction Act, China's immense spending and favorable policy environment make it challenging for other countries to catch up. China's cost-effective manufacturing and overproduction have led to accusations of flooding the global market, which could have economic implications and geopolitical risks. The U.S. is set to impose tariffs on Chinese imports, but this is unlikely to significantly affect China's market presence. China's emphasis on research and development, particularly in green hydrogen and energy storage, is setting the stage for future dominance in critical energy sectors. While China's monopoly in these sectors raises concerns, the lack of viable alternatives means that buyers have little choice but to turn to Chinese technology.