David Fickling, Columnist

China’s Marshall Plan Is Running on Batteries

Beijing’s green energy projects are bringing jobs, growth and cheap electricity to the developing world. 

Planting a seed.

Photographer: Qilai Shen/Bloomberg

Rich democracies felt a collective shiver last week at the sight of Xi Jinping, Vladimir Putin and Kim Jong Un exchanging pleasantries and tips on how to live to 150 at China’s military parade. They should be much more concerned about the ties Beijing is forging elsewhere in the world.

That’s because the country’s clean energy industry is making connections across a swath of the Global South with far more collective significance than the crumbling nuclear-armed autocracies in Moscow and Pyongyang.