This assumes that the renewables built are actually contributing to the economy, which we don‘t actually know for sure. In fact there was an article stating that they discard a lot of the energy produced because the grid cannot deliver. [1]

> China, the world's top producer of solar power, rejected 360 terawatt-hours (TWh) of clean power from January to June, up 49% from the same period a year earlier, according to a report this month by Global Energy Monitor (GEM) and the Center for Research on Energy and Clean Air (CREA).

1 - https://www.reuters.com/business/energy/china-leads-wave-cle...