Prospects promising despite late start

Despite a late start in development, the prospects for the hydrogen industry are promising in China, which has advantages in terms of resources and market scale, said Ling Wen, CEO of China Energy Investment Corp.

As water is the only by-product when hydrogen is produced and consumed, hydrogen fuel has been widely recognized as a clean energy worldwide and has become a major trend in future clean energy development.

China Energy, which has the largest coal-to-hydrogen production capacity globally, aims to further promote hydrogen energy to meet China's commitment to combating climate change, said Ling, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference, the country's political advisory body.