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EnergyisallaboutChina,saidEurasianResourcesGroup(ERG)CEOBenediktSobotkaatanewsconferenceofthe14thAnnualMeetingoftheNewChampions,alsoknownastheSummerDavosForum,inNorthChina"sTianjinMunicipalityonTuesday.

SobotkasaidheisveryoptimisticaboutChina,particularlyanythingrelatedtoenergytransition.

"WithoutaChinesemanufacturingbasethatissocompetitive,wecannotachievetheenergytransition,"hesaid.

SobotkasaidChinaisthecoreofinnovationinenergytransition,notjustfornewproducts,butalsoforindustrialmanufacturingprocessesthatbringefficient,highlycompetitiveproductstootherworldmarkets,suchasAfricaandEurope.

"ThereisnoenergydecisionwithoutChina,"hesaid.

Chinaisbyfarthelargestmarketforelectricvehicles.Witha60percentshareoftheglobalmarket,itisoneofthefastestgrowingmarkets.Italsoaccountsforroughly95percentoftheworld"sphotovoltaicsales,andboastsmorethan60percentoftheworld"swindfarms,Sobotkanoted.