China solar stocks surging after Xi’s 2060 carbon pledge

Chinese President Xi Jinping's announcement the country aims to go carbon neutral by 2060 has given renewable energy stocks a boost.

CHINA'S massive renewable energy industry has seen shares soar since President Xi Jinping announced the country aims to go carbon neutral by 2060.

That surge continued Friday as mainland-listed solar giants like Longi Green Energy Technology Co. and Tongwei Co. jumped in their first trading after a week-long holiday during which some peers in Hong Kong posted gains of more than 20%.