China could create 88 million jobs by 2030 through green efforts

If China focuses on green efforts, it could generate US$1.9 trillion in additional annual revenue and create 88 million jobs by 2030, highlights a report by the World Economic Forum. 

Should the country undergo transitions in its usage of food, land and ocean, it should be able to generate almost $565 billion in additional annual revenue and create 34 million new jobs by 2030.

One of the transitions identified in the report is eco-tourism, which is projected to create some US$53 billion of additional revenue in China. 

“Businesses can create a virtuous cycle between people, planet and profit. Investing in and living in harmony with nature will better secure sustained performance and prosperity. Chinese businesses can harness technologies and innovation, while adopting and promoting the UN Global Biodiversity Framework to collectively shape a more resilient and beautiful future for China,” said Gim Huay Neo, Managing Director, World Economic Forum.

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“Nature is critical to China’s continued prosperity and social development. It is also at the heart of its ‘ecological civilisation’ vision and intrinsically linked to its climate agenda,” commented Justin Lin Yifu, Dean, Institute of New Structural Economics, Peking University, Beijing, in a statement.