While hydrogen at the moment is mainly produced industrially from coal and natural gas, which generates a certain amount of carbon emissions, the process will be "greener" as the country pursues carbon neutrality and will eventually have hydrogen made from cleaner sources like solar power, said Luo Zuoxian, head of the intelligence research department of the Sinopec Economics and Development Research Institute.

While hydrogen is mainly produced industrially from coal and natural gas, which will generate a certain amount of carbon emissions, the process will be greener as the country is in pursuit of carbon neutrality by 2060, said Luo Zuoxian, head of intelligence and research at the Sinopec Economics and Development Research Institute.

Hydrogen at the moment is mainly produced industrially from natural gas and generates significant carbon emissions known as "gray "hydrogen.

"China never aims to replace the US in the 10 industrially strategic technologies in 10 years.

"The White House announced on May 29 that the US will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology.

He put forward the goal of building Shanghai into a socialist modern city that is open, multifunctional, industrially well-structured, scientifically and technologically advanced, and culturally advanced by the end of the 20th century.