Looking ahead, the National Development and Reform Commission has stated that China is moving to triple its solar power capacity to 100 gigawatts b 2020.

Chinese renewable energy stocks have been rallying on the new green initiatives, which have also lifted the global clean energy ETFs with a significant China tilt. For instance, China makes up 22.9% of TAN, 43.1% of ICLN and 36.1% of KWT.

Guggenheim Solar ETF

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