Executives at the BloombergNEF Summit in Shanghai emphasized the need for China to increase investment in new clean energy technologies such as storage, hydrogen, and sustainable aviation fuel. While the country has made significant progress in renewables and electric vehicles, leading to potential peaking of emissions before the 2030 target, there are challenges of saturated supply chains impacting company profits and trade tensions. The call is to divert spending from mature technologies to areas requiring scale-up and cost reduction. Energy storage is crucial to counter grid imbalances due to excess solar power during the day, necessitating market-based principles to incentivize investors. Saudi Arabia's ACWA Power Co. plans to invest $50 billion in China for renewable development, including 20 gigawatts of capacity and 1 million tons of green hydrogen production annually by 2030, collaborating with Chinese state-owned enterprises for clean power asset acquisition.