19October20236:04AMHKTAsiaEconomicsAnalystSizingthe“NewThree”intheChineseEconomynPolicymakersandinvestorsoftenrefertobattery,newenergyvehicle(NEV)andMaggieWeirenewableenergyasthe“NewThree”oftheChineseeconomy,incomparisontothe“OldThree”suchasfurniture,homeapplianceandclothinginChinese+852-2978-6962maggie.wei@gs.comexports;orproperty,infrastructureandprocessingtradeintheoveralleconomy.GoldmanSachs(Asia)L.L.C.NEVandbatteryproduction,aswellasrenewableenergycapex,haveseensignificantincreasesinrecentyearsandareexpectedtocontinuegrowingXinquanChenrapidlyincomingyears,addingtoheadlineGDPgrowthinChina.+852-2978-2418xinquan.chen@gs.comnLeveragingtheframeworki...