Comparison of valuations between China and the United States: Unreasonable prosperity of US technology stocks? This year, China's economy has a bright spot: new energy vehicles. This year, the new energy vehicle market in China has exploded, and the export volume has set a historical record. Driven by new energy vehicles, China has surpassed established automobile producing countries such as Japan and Germany, and is the world's largest exporter of automobiles, with a strong presence in the style of Chinese home appliances and textiles back then.